Fabio
78 lines
5.5 KiB
Markdown
78 lines
5.5 KiB
Markdown
---
|
||
type: "Bill"
|
||
title: "Model Law Credit Extraterritorial Reinsurance"
|
||
description: "Federal law preempts the extraterritorial application of state credit for reinsurance law but permits a state to enact reinsurance collateral reforms on an individual basis if the state is accredited. The act enacts a model law adopted by the National Association of Insurance Commissioners (NAIC), which is necessary to maintain the continued accreditation of the Colorado division of insurance with the NAIC and makes Colorado's reinsurance statutes substantially similar to those found in other states. The model law specifies the grounds upon which a domestic insurer can get credit in Colorado for reinsurance provided by an assuming insurer that is domiciled in an extraterritorial jurisdiction and thereby avoids federal preemption that would otherwise occur by 2022.(Note: This summary applies to this bill as enacted.)"
|
||
jurisdiction: "us/states/co"
|
||
legislature: "Colorado General Assembly"
|
||
session: "2021A"
|
||
identifier: "HB 21-1063"
|
||
citation: "Colorado HB 21-1063 (2021A)"
|
||
classification: ["bill"]
|
||
subjects: []
|
||
status: "enacted"
|
||
primary_sponsors: ["Robert Rodriguez", "Susan Lontine"]
|
||
version_count: 8
|
||
action_count: 12
|
||
vote_count: 2
|
||
first_action: "2021-02-16T07:00:00+00:00"
|
||
last_action: "2021-04-19T06:00:00+00:00"
|
||
source: "openstates"
|
||
source_identifier: "ocd-bill/a8f69ae8-a12f-49d3-b722-aaec3ddc33bd"
|
||
source_url: "http://leg.colorado.gov/bills/hb21-1063"
|
||
source_hash: "8ab093b0f02d3a9b990a5fafe98aa62d8cad3aa0412e6d99503d0220f013cb32"
|
||
vintage: "2026-07-01"
|
||
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
|
||
retrieved_at: "2026-07-06"
|
||
confidence: "reported"
|
||
tags: ["legislation", "bill", "us-co"]
|
||
---
|
||
|
||
# Colorado HB 21-1063 (2021A) — Model Law Credit Extraterritorial Reinsurance
|
||
|
||
Federal law preempts the extraterritorial application of state credit for reinsurance law but permits a state to enact reinsurance collateral reforms on an individual basis if the state is accredited. The act enacts a model law adopted by the National Association of Insurance Commissioners (NAIC), which is necessary to maintain the continued accreditation of the Colorado division of insurance with the NAIC and makes Colorado's reinsurance statutes substantially similar to those found in other states. The model law specifies the grounds upon which a domestic insurer can get credit in Colorado for reinsurance provided by an assuming insurer that is domiciled in an extraterritorial jurisdiction and thereby avoids federal preemption that would otherwise occur by 2022.(Note: This summary applies to this bill as enacted.)
|
||
|
||
## Version chain
|
||
|
||
The bill's text revisions, in order — the diff chain from filing to enrollment.
|
||
|
||
1. **Committee Amendment** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/2021a_hb1063_s_blt_001.pdf)
|
||
2. **Engrossed (03/01/2021)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2021A/bills/2021a_1063_eng.pdf)
|
||
3. **Final Act (04/09/2021)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2021A/bills/2021a_1063_enr.pdf)
|
||
4. **Introduced (02/16/2021)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2021A/bills/2021a_1063_01.pdf)
|
||
5. **Reengrossed (03/02/2021)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2021A/bills/2021a_1063_ren.pdf)
|
||
6. **Rerevised (04/05/2021)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2021A/bills/2021a_1063_rer.pdf)
|
||
7. **Revised (04/01/2021)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2021A/bills/2021a_1063_rev.pdf)
|
||
8. **Signed Act (04/19/2021)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/2021a_1063_signed.pdf)
|
||
|
||
## Votes
|
||
|
||
- BILL — **24–11** (pass) · upper
|
||
- BILL — **41–23** (pass) · lower
|
||
|
||
## Sponsors
|
||
|
||
- Robert Rodriguez — primary (person)
|
||
- Susan Lontine — primary (person)
|
||
|
||
## Timeline
|
||
|
||
The legislative action history — every referral, reading, and vote.
|
||
|
||
- **2021-04-19T06:00:00+00:00** Governor Signed `executive-signature`
|
||
- **2021-04-09T06:00:00+00:00** Sent to the Governor `executive-receipt`
|
||
- **2021-04-09T06:00:00+00:00** Signed by the President of the Senate
|
||
- **2021-04-09T06:00:00+00:00** Signed by the Speaker of the House
|
||
- **2021-04-05T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
|
||
- **2021-04-01T06:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
|
||
- **2021-03-29T06:00:00+00:00** Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole `committee-passage, referral-committee`
|
||
- **2021-03-04T07:00:00+00:00** Introduced In Senate - Assigned to Business, Labor, & Technology `introduction`
|
||
- **2021-03-02T07:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
|
||
- **2021-03-01T07:00:00+00:00** House Second Reading Passed - No Amendments `reading-2`
|
||
- **2021-02-24T07:00:00+00:00** House Committee on Health & Insurance Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
|
||
- **2021-02-16T07:00:00+00:00** Introduced In House - Assigned to Health & Insurance `introduction`
|
||
|
||
## Source
|
||
|
||
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a8f69ae8-a12f-49d3-b722-aaec3ddc33bd`. Confidence: reported (aggregated from official Colorado legislature records).
|
||
|