HB10-1356: Workers' Compensation Policyholder Protection Act of 2010

• Requires Pinnacol Assurance board to distribute dividends to policyholders when surplus exceeds 800% of risk-based capital, reducing surplus below the 800% threshold.

• Mandates the insurance commissioner approve the lowest pure premium rate recommended by either the rating organization or independent actuary, unless the commissioner provides written rationale for a different rate in the final agency order.

• Requires the division of insurance to post complete recommendations and supporting materials from rating organizations and independent actuaries on its website prior to any public hearing on workers' compensation rate filings.

• Takes effect 90 days after final adjournment of the general assembly (August 11, 2010), unless subject to a referendum petition requiring voter approval in November 2010.