Colorado § 8-14.5-104 Creation of board

Colorado Statutes

§ 8-14.5-104 — Creation of board

Colorado § 8-14.5-104

Title 08Labor and

Art.Cost Containment

This text of Colorado § 8-14.5-104 (Creation of board) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 8-14.5-104 (2026).

Text

(1)(a) There is created in the division the workers' compensation cost containment board, to be composed of seven members as follows:

(I)The commissioner of insurance;

(II)The chief executive officer of Pinnacol Assurance; and

(III)Five members appointed by the governor and confirmed by the senate. The appointed members of the board shall be chosen among the following:

(A)Employers or their designated representatives engaged in businesses having workers' compensation insurance rates in the upper five percent of the rate schedule;

(B)Actuaries or executives with risk management experience in the insurance industry; or

(C)Employers who have demonstrated good risk management experience with respect to their workers' compensation insurance.

(b)(I) The appointed members of

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(1) (a) There is created in the division the
workers' compensation cost containment board, to be composed of seven members
as follows:

(I) The commissioner of insurance;

(II) The chief executive officer of Pinnacol Assurance; and

(III) Five members appointed by the governor and confirmed by the senate.
The appointed members of the board shall be chosen among the following:

(A) Employers or their designated representatives engaged in businesses
having workers' compensation insurance rates in the upper five percent of the rate
schedule;

(B) Actuaries or executives with risk management experience in the
insurance industry; or

(C) Employers who have demonstrated good risk management experience
with respect to their workers' compensation insurance.

(b) (I) The appointed members of the board shall serve for terms of three
years and may be reappointed; except that the terms shall be staggered so that no
more than three members' terms expire the same year.

(II) The chief executive officer of Pinnacol Assurance and the commissioner
of insurance shall serve continuously.

(2) Members of the board serve without compensation but are entitled to
reimbursement for actual and necessary traveling and subsistence expenses
incurred in the performance of their official duties as members of the board.

(3) The board is a type 2 entity, as defined in section 24-1-105, and exercises
its powers and performs its duties and functions under the department and the
director of the division.

Legislative History

Source: L. 89: Entire article added, p. 377, � 1, effective July 1. L. 90: (1) amended, p. 557, � 7, effective July 1. L. 2002: (1) and (3) amended, p. 1880, � 25, effective July 1. L. 2022: Entire section amended, (SB 22-013), ch. 2, p. 4, � 3, effective February 25; (2) amended, (SB 22-162), ch. 469, p. 3383, � 86, effective August 10.