Colorado law hits insurers with daily fines for policy delays

The act applies to requests made on or after the effective date, which is set for 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the General Assembly. However, if a referendum petition is filed under section 1 (3) of article V of the state constitution, the law would take effect only if approved by voters at the November 2026 general election.

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