§ 8-44-115 — Calculation of premium - motor vehicle accidents

Colorado § 8-44-115

• Jurisdiction: Colorado
• Title 08: Labor and
• Art.: Insurance

Text

(1) The amount
by which an employer's experience rating is modified, if at all, as the result of a
motor vehicle accident in which an employee is injured or killed shall be reduced in
accordance with this section if:

(a) The employee is entitled to benefits under articles 40 to 47 of this title;
and

(b) The accident was not caused, wholly or in part, by the employee or the
employer; and

(c) The use of a motor vehicle is not an integral part of the employer's
business, as determined under rules promulgated by the commissioner of insurance
under section 10-4-408 (5)(e), C.R.S.

(2) (a) Any modification of an employer's experience rating resulting from an
accident described in subsection (1) of this section shall reflect the deduction of a
loss limitation, the amount of which shall be determined by the commissioner of
insurance under rules adopted pursuant to section 10-4-408 (5)(e), C.R.S.

(b) All loss experience remaining after deduction of the loss limitation
referred to in paragraph (a) of this subsection (2) shall be distributed among all
workers' compensation classifications in use in the state as determined by the
commissioner of insurance. For purposes of such distribution, classifications of
businesses of which use of a motor vehicle is an integral part may be treated
differently from classifications of businesses of which use of a motor vehicle is not
an integral part.

(3) This section applies to all insurers, including Pinnacol Assurance created
in section 8-45-101, offering workers' compensation insurance under articles 40 to
47 of this title. The provisions of this section shall be disclosed to all policyholders
annually.

Legislative History

Source: L. 94: Entire section added, p. 1366, � 1, effective October 1. L. 2002: (3) amended, p. 1887, � 43, effective July 1.