CO HB1041

Physician assistants with at least three years of practice experience must comply with financial responsibility requirements established in Colorado law, replacing previous specific insurance minimums.

Physician assistants meeting the three-year threshold must maintain professional liability insurance of at least $1 million per incident and $3 million annual aggregate per year, matching physician requirements.

The Colorado Medical Board may establish lower financial responsibility standards for classes of physician assistants or individual practitioners when the standard limits are unreasonable or unattainable.

Physician assistants receiving two or more complaint reports within a twelve-month period must maintain double the standard financial responsibility amount unless they demonstrate the reports did not represent substantial failures to meet professional standards of care.

Exemptions from financial responsibility requirements apply to physician assistants who are public employees under the Colorado Governmental Immunity Act, and emergency care provisions remain unaffected.