Request for Comment on REVISED DRAFT Proposed New Bulletin B-1.XX Guidance for Insurers Subject to the Hazard Mitigation Fee

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The Division is seeking informal comments on the following REVISED DRAFT proposed new bulletin:

The purpose of this Bulletin is to provide guidance to insurers concerning the new Hazard Mitigation Enterprise and the Hazard Mitigation Fee established by HB21-1208, codified at § 24-33.5-1619, C.R.S. The Hazard Mitigation Enterprise (“Enterprise”) is housed at the Division of Homeland Security and Emergency Management at the Colorado Department of Public Safety.

This Bulletin is issued in conjunction with the Enterprise. Bulletins are the Division of Insurance’s interpretation of existing insurance law or general statements of Division policy. Bulletins themselves establish neither binding norms nor finally determine issues or rights.

This bulletin is a revised version of the bulletin released for comment on October 27, 2021 to account for stakeholder feedback. 

The Division is requesting informal comments be submitted to DORA_INS_RulesandRecords@state.co.us no later than 5 PM, November 23, 2021.

This draft bulletin, as well as other draft bulletins currently released for informal public comment, can be found on our page for Draft Regulations and Bulletins for Informal Comments

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