Colorado Legislative Council Staff


Drafting Number:

Prime Sponsor(s):

LLS 98-146

Rep. Veiga

Sen. Tebedo


Bill Status:

Fiscal Analyst:

November 18, 1997

House Transportation

Will Meyer (866-4976)



Summary of Assessment

            The provisions of this bill would make the following changes to Motor Vehicle (“No Fault”) Insurance statutes: 1) reduce the required minimum personal injury protection “PIP” coverages; 2) allow the total benefit amount to be used for all offered benefits; 3) require insurers to make available policy options that provide more than the minimum coverages; 4) retain legal liability minimum coverages at current levels; and 5) eliminate basic policies for qualified low-income persons. It would retain current level coverages for essential services of $25 per week and death benefits of $1,000.

            The bill would reduce the PIP medical coverage from $50,000 to $5,000, rehabilitation coverage from $50,000 to $5,000, and loss of income coverage from $400 per week for a maximum of 52 weeks to $5,000, for a aggregate total coverage of $15,000. The bill would eliminate the statutory provisions for basic policies for qualified low-income persons, including the PIP medical coverage of $25,000, no compensation for rehabilitation, and death benefits of $5,000.

            These changes would require auto insurance carriers to file new rate and form certifications with the Division of Insurance, and the division to make an amendment to a current regulation. This would have a minimal impact on the workload of the division. This increase in workload could be absorbed by current staff, but may require re-prioritizing existing workload. This bill would not impact any other agency of the state, or unit of local government. Therefore, this bill is assessed as having no fiscal impact. The bill would become effective July 1, 1998 and would apply to policies issued or renewed on or after said date.


Departments Contacted

            Regulatory Agencies