Colorado Legislative Council Staff
NO FISCAL IMPACT
January 6, 1999
Senate Business Affairs
Steve Tammeus (303-866-2756)
TITLE: CONCERNING THE AUTHORITY OF EMPLOYEE LEASING COMPANIES TO PROVIDE EMPLOYER BENEFIT PLANS ON BEHALF OF EMPLOYEES.
Summary of Assessment
This bill authorizes professional employer organizations that meet the requirements of the definition of "employee leasing companies" under the Colorado Employment Security Act and the Colorado Health Care Coverage Act to offer employee benefit plans to the full extent afforded employers by law. The bill repeals provisions in the state health insurance laws that restrict the ability of small employer group health insurers to provide coverage to employees covered under policies issued to employee leasing companies. The bill will become effective upon the signature of the Governor.
This bill will require the Department of Regulatory Agencies to amend current regulations. The department will incur costs for more complex rate filings and additional consumer complaints that may be generated by the exemptions provided by this bill. However, these costs are considered to be minimal and will be absorbed within existing resources. This bill will not affect state appropriations, or local government revenue or expenditures. Therefore, the bill is assessed as having no fiscal impact.
Labor and Employment Regulatory Agencies