(1.5) Whenever any insurer, including Pinnacol Assurance created in section 8-45-101, issues a workers' compensation policy in this state, and annually thereafter, the insurer must issue a policy including the deductible provision if requested by the insured employer; except that the commissioner shall promulgate rules establishing criteria to allow the insurer to deny a deductible policy to an employer based on financial inability to reimburse the insurer for the deductible plan selected.
Source: L. 90: Entire article R&RE, p. 523, § 1, effective July 1. L. 91: (3) added, p. 1331, § 44, effective July 1. L. 92: Entire section amended, p. 1816, § 1, effective July 1. L. 93: (1.5) added, p. 2085, § 4, effective July 1. L. 2002: (1.5), (3), and (4) amended, p. 1886, § 40, effective July 1. L. 2010: (3) amended, (SB 10-112), ch. 52, p. 196, § 1, effective January 1, 2011. L. 2013: (1) amended, (HB 13-1025), ch. 140, p. 455, § 1, effective July 1.
Editor's note: This section is similar to former § 8-44-116 as it existed prior to 1990.
Structure Colorado Code
§ 8-44-101. Insurance Requirements
§ 8-44-102. Contract for Insurance Subject to Workers' Compensation Act
§ 8-44-103. Insurers to File System of Rating - Approval
§ 8-44-104. Cutting Rates - Rebates - Penalty
§ 8-44-105. Provisions of Policies - Primary Liability - Notice of Injury
§ 8-44-106. Insurer Violation - Suspension or Revocation of License
§ 8-44-107. Right of Insurer to Examine Books of Employer
§ 8-44-108. Repayments for Misclassifications
§ 8-44-110. Notice of Cancellation
§ 8-44-111. Workers' Compensation Insurance - Deductibles - Definition
§ 8-44-112. Surcharge on Workers' Compensation Insurance Premiums - Workers' Compensation Cash Fund
§ 8-44-114. Determination of Premium
§ 8-44-115. Calculation of Premium - Motor Vehicle Accidents
§ 8-44-116. Reversionary Interests in Indemnity Benefits Prohibited