CO SB061

Abolishes the common law rule that only a parent or guardian can claim pre-majority economic damages of a minor and allows minors to directly bring claims for their own economic losses incurred before age 18.

Prohibits double recovery by specifying that only one person may recover for the same economic loss—a minor cannot be awarded damages already awarded to a parent/guardian, and vice versa.

Defines "pre-majority economic loss" as economic loss incurred by a minor before turning 18, including medical expenses paid by or on behalf of the minor.

Extends the statute of limitations exceptions for medical and health care claims to apply to claims brought by any person entitled or required to bring a claim for a minor's pre-majority economic loss, allowing such claims to be maintained as if brought by the minor.

Applies retroactively to claims accruing before or after the effective date, unless each claim against the defendant was already barred by the applicable statute of limitations prior to this act's effective date.