Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
SB21-085

Actuarial Review Health Insurance Mandate Legislation

Concerning actuarial reviews of proposed legislation that may impose a new health benefit mandate on health benefit plans.
Session:
2021 Regular Session
Subjects:
Health Care & Health Insurance
Higher Education
Bill Summary

The bill requires the division of insurance (division) to retain a contractor on or before November 1, 2021, for the purpose of performing actuarial reviews of proposed legislation that may impose a new health benefit mandate on health benefit plans. The contractor, under the direction of the division, shall conduct an actuarial review of up to 5 legislative proposals for each regular legislative session, each at the request of a member of the general assembly. Each actuarial review performed by the contractor must consider the predicted effects of the legislative proposal during the 5 years immediately following the effective date of the proposed legislation, including specifically described considerations.

In preparing a fiscal note for any legislative proposal that may impose a new health benefit mandate on health benefit plans, the legislative service agency charged with preparing the fiscal note shall either:

  • Include in the fiscal note information that is produced by the contractor in review of the legislative proposal; or
  • If no information is produced by the contractor in review of the legislative proposal, indicate such fact in the fiscal note.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Sen. J. Ginal, Sen. J. Smallwood
Rep. S. Lontine

Sponsor

Co-sponsor

The 2024 Statewide Ballot Information Booklet is now online