CO HB1302

Creates the Strengthen Colorado Homes Enterprise to impose a 0.5% fee on homeowner's insurance premiums (exempting homes with resilient roofs) and fund grants to homeowners for installing weather-resistant roof systems certified by the Insurance Institute for Business and Home Safety

Establishes the Wildfire Catastrophe Reinsurance Enterprise to provide reinsurance payments to insurers for losses from state or federally declared wildfire disasters, funded through revenue bonds and a 0.5% fee on homeowner's insurance premiums (exempting wildfire-prepared properties)

Requires insurers participating in the reinsurance program to write policies in high-wildfire-risk areas proportional to their market share and reduce premiums in those areas to reflect reinsurance benefits

Both enterprises are governed by 5-member boards (insurance commissioner plus 4 gubernatorial appointees), may issue revenue bonds, and must each keep fee revenue under $100 million in their first five fiscal years

Appropriates $7,410,037 for FY 2025-26 to implement the enterprises; both programs are scheduled for repeal on September 1, 2035