HB 13-1025 Summary

• Replaces the fixed $5,000 deductible cap with a "split point" amount approved by the Colorado Commissioner of Insurance for workers' compensation insurance policies.

• Defines "split point" as the amount an insurer may apply as primary loss per claim, with full primary losses counting toward the employer's experience modification calculation and loss amounts above the split point constituting excess loss.

• Prohibits employers and insurers from requiring employees to pay any portion of workers' compensation benefits or to use other insurance or employment benefits to cover compensation amounts owed under state law.

• Preserves the right of insurance carriers to continue offering no-deductible workers' compensation policies.

• Takes effect July 1, 2013, and applies to new and renewing workers' compensation insurance policies on or after that date.