House Committee of Reference Report
Committee on Finance
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All text that will be removed from the bill will be indicated by strikethrough as follows:
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This is text that is removed from law. -
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May 7, 2026
After consideration on the merits, the Committee recommends the following:
SB26-155 be amended as follows, and as so amended, be referred to the Committee on Appropriations with favorable recommendation:
Page 1, Line 1Amend reengrossed bill, page 4, strike lines 17 through 20 and substitute
Page 1, Line 2"areas of the state will reduce insurer losses and
Page 1, Line 3administrative expenses, thereby increasing insurer capacity
Page 1, Line 4statewide;".
Page 1, Line 5Page 4, after line 23 insert:
Page 1, Line 6"(XII) The fee on insurers is reasonably related to the
Page 1, Line 7business services the strengthen Colorado homes enterprise is
Page 1, Line 8providing to insurers; and".
Page 1, Line 9Page 5, line 1, strike "to provide grants to" and substitute "to:
Page 1, Line 10(A) Reduce insurer losses and administrative expenses due
Page 1, Line 11to hail damage claims by defraying the cost of retrofitting
Page 1, Line 12residential property by providing grants for the installation of
Page 1, Line 13resilient roof systems;
Page 1, Line 14(B) Analyze data on hail losses in the homeowner's
Page 1, Line 15insurance market to identify the areas of the state to target
Page 1, Line 16for the installation of resilient roof systems to maximize
Page 1, Line 17insurer savings;
Page 1, Line 18(C) Set standards for resilient roof systems that insurers
Page 1, Line 19may rely upon and ensure that there is a workforce trained to
Page 1, Line 20certify for insurers that roofs meet those standards; and
Page 1, Line 21(D) Create codes of conduct for roofing contractors to
Page 1, Line 22ensure roofs are properly and appropriately installed, which
Page 1, Line 23benefits insurers by reducing their claims losses;".
Page 1, Line 24Page 5, strike lines 2 through 6.
Page 2, Line 1Page 6, line 23, strike "or authorized".
Page 2, Line 2Page 7, strike lines 24 through 27.
Page 2, Line 3Page 8, strike line 1 and substitute:
Page 2, Line 4"(A) Reducing insurer losses and administrative expenses
Page 2, Line 5due to hail damage claims by defraying the cost of retrofitting
Page 2, Line 6residential property by providing grants for the installation of
Page 2, Line 7resilient roof systems;
Page 2, Line 8(B) Analyzing data on hail losses in the homeowner's
Page 2, Line 9insurance market to identify the areas of the state to target
Page 2, Line 10for the installation of resilient roof systems to maximize
Page 2, Line 11insurer savings;
Page 2, Line 12(C) Setting standards for resilient roof systems that
Page 2, Line 13insurers may rely upon and ensuring that there is a workforce
Page 2, Line 14trained to certify for insurers that roofs meet those standards;
Page 2, Line 15(D) Creating codes of conduct for roofing contractors to
Page 2, Line 16ensure roofs are properly and appropriately installed, which
Page 2, Line 17benefits insurers by reducing their claims losses;
Page 2, Line 18(E) Evaluating roofing protocols to ascertain if the
Page 2, Line 19protocols meet similar science-based, certifiable standards, as
Page 2, Line 20those of the Insurance Institute for Business and Home Safety's
Page 2, Line 21"Fortified" program;".
Page 2, Line 22Reletter succeeding sub-subparagraphs accordingly.
Page 2, Line 23Page 8, line strike lines 10 and 11 and substitute:
Page 2, Line 24"(E) Conducting a study to analyze".
Page 2, Line 25Page 11, line 19, after "services;" insert "and".
Page 2, Line 26Page 11, line 22, strike "and".
Page 2, Line 27Page 11, strike lines 23 through 25.
Page 2, Line 28Page 17, line 26, strike "(a)".
Page 2, Line 29Page 18, line 4, strike "ninety" and substitute "eighty-five".
Page 2, Line 30Page 18, strike lines 7 through 12.
Page 3, Line 1Page 18, after line 17 insert:
Page 3, Line 2"10-4-2005. Study regarding insurance risk in high-risk
Page 3, Line 3wildfire areas of the state - repeal.
Page 3, Line 4(1) The board shall conduct or cause to be conducted a
Page 3, Line 5study to analyze:
Page 3, Line 6(a) The insurance risk in high-risk wildfire areas of the
Page 3, Line 7state, including an analysis of the degree of market competition
Page 3, Line 8among insurers in those areas; and
Page 3, Line 9(b) The impact of a high risk program on the potential
Page 3, Line 10losses in the high-risk wildfire areas of the state and on the
Page 3, Line 11availability of homeowner's insurance in those areas.
Page 3, Line 12(2) The study shall evaluate and make recommendations
Page 3, Line 13regarding the structure of a high risk program, appropriate
Page 3, Line 14attachment points and caps, and ways to avoid competition with
Page 3, Line 15the private insurance market. The study may explore potential
Page 3, Line 16funding mechanisms for the program.
Page 3, Line 17(3) The board may contract with a third party to conduct
Page 3, Line 18all or part of the study. The board, or a third party the board
Page 3, Line 19enters into a contract with to conduct the study, shall engage
Page 3, Line 20with relevant stakeholders in conducting the study. Relevant
Page 3, Line 21stakeholders must include, at a minimum:
Page 3, Line 22(a) Representatives of reinsurers;
Page 3, Line 23(b) Representatives of insurers writing homeowner's
Page 3, Line 24insurance contracts or policies in Colorado;
Page 3, Line 25(c) Representatives of reinsurance brokers;
Page 3, Line 26(d) Individuals with expertise in complex financial
Page 3, Line 27instruments and debt instruments; and
Page 3, Line 28(e) Consumers or individuals with experience in wildfire
Page 3, Line 29mitigation.
Page 3, Line 30(4) The board shall submit the study required by
Page 3, Line 31subsections (1) and (2) of this section to the house of
Page 3, Line 32representatives transportation, housing, and local government
Page 3, Line 33committee and the senate local government and housing
Page 3, Line 34committee, or their successor committees, and shall publish the
Page 3, Line 35study on the division's website.
Page 3, Line 36(5) This section is repealed, effective July 1, 2031.".
Page 3, Line 37Page 18, line 18, strike "10-4-2005." and substitute "10-4-2006.".
Page 3, Line 38Page 18, strike lines 25 through 27.
Page 3, Line 39Strike page 19.
Page 4, Line 1Page 20, strike lines 1 through 9.
Page 4, Line 2Renumber succeeding sections accordingly.