CO HB1262

Adds a definition of "secondary agency" to Colorado's Fraudulent Claims and Arson Reporting Act, defining it as any for-profit or nonprofit organization funded directly or indirectly by insurers that gathers and disseminates information about insurance fraud and has an established process to forward information to authorized agencies for investigation and prosecution.

Allows persons and insurers to notify either an authorized agency or a secondary agency when they have reason to believe a fire loss may be nonaccidental or an insurance claim may be fraudulent.

Permits authorized agencies and secondary agencies to release relevant information about possible nonaccidental fire losses or fraudulent insurance acts to other authorized agencies, insurers, or secondary agencies upon request.

Requires secondary agencies receiving fraud information to maintain confidentiality of that information, with exceptions for sharing with authorized agencies, insurers, or other secondary agencies, and until release is required by civil or criminal proceedings.

Grants the Commissioner authority to designate which organizations qualify as secondary agencies through administrative rule.