SB21-096 Summary

• Extends the sunset date for the Workers' Compensation Classification Appeals Board from July 1, 2021 to September 1, 2032.

• Adds insurance agents licensed in Colorado as a potential board member, allowing one member to be either an insurance company employee, Pinnacol Assurance representative, or licensed insurance agent.

• Reduces the number of insurance industry representatives on the board from two members to one primary member, while maintaining an alternate member position for the insurance industry or agents.

• Clarifies that the Commissioner of Insurance appoints private employer members and members representing insurers, insurance agents, and Pinnacol Assurance.

• Implements recommendations from the 2020 sunset review report by the Department of Regulatory Agencies regarding board composition and structure.