Second Regular Session
              Sixty-fifth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 06-0519.01 Esther van Mourik    SENATE BILL 06-038
                   SENATE SPONSORSHIP
 Tapia,
 
                    HOUSE SPONSORSHIP
 Knoedler,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Senate Committees
 House Committees
 
 
 Business, Labor and Technology
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning investigation of insurance fraud.
       
       
                           Bill Summary
       
            (Note:  This summary applies to this bill as introduced and does
       not necessarily reflect any amendments that may be subsequently
       adopted.)
       
            Increases the amount of money the division of insurance shall
       collect from entities regulated by the division for the purpose of
       investigating and prosecuting allegations of insurance fraud.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  10-3-207 (1) (e), Colorado Revised Statutes, is
       amended to read:
            10-3-207.  Fees paid by insurance companies.  (1)  There shall
       be paid to the division of insurance by every entity regulated by the
       division of insurance in this state the following:
            (e)  For the purpose of providing adequate funds to the Colorado
       department of law for the investigation and prosecution of allegations of
       insurance fraud, in addition to any other fee collected pursuant to this
       subsection (1), each entity regulated by the division shall pay a
       nonrefundable annual fee of one hundred twenty four hundred
       twenty-five dollars, payable on or before March 1 of each year.
            SECTION 2.  Applicability.  This act shall apply to annual fees
       paid pursuant to section 10-3-207 (1) (e), Colorado Revised Statutes, on
       or after the effective date of this act.
            SECTION 3.  Safety clause.  The general assembly hereby finds,
       determines, and declares that this act is necessary for the immediate
       preservation of the public peace, health, and safety.