Assembly Passes Experience Modification, Contractor Coverage Bills

The Colorado General Assembly unanimously voted to send the governor a bill that would create a process to update experience modification factors when actual payments on a closed claim are lower than the loss reserves reported by the carrier. At the same time, the state House of Representatives voted to return to the Senate an amended bill that would make proof of workers' compensation coverage a prerequisite to receive a building permit, construction permit or contractor license. The House on Friday voted 63-0 to pass SB 175, which would allow employers to request a correction to an exp...