Colorado § 10-4-2005 - Study regarding insurance risk in high-risk wildfire areas of the state - repeal.
Full text of Colorado Colorado Revised Statutes § 10-4-2005 — Study regarding insurance risk in high-risk wildfire areas of the state - repeal., with citation guidance and answers to common questions.
§ 10-4-2005. Study regarding insurance risk in high-risk wildfire areas of the state - repeal.
(1) The board shall conduct or cause to be conducted a study to analyze:
(a) The insurance risk in high-risk wildfire areas of the state, including an analysis of the degree of market competition among insurers in those areas; and
(b) The impact of a high risk program on the potential losses in the high-risk wildfire areas of the state and on the availability of homeowner's insurance in those areas.
(2) The study shall evaluate and make recommendations regarding the structure of a high risk program, appropriate attachment points and caps, and ways to avoid competition with the private insurance market. The study may explore potential funding mechanisms for the program.
(3) The board may contract with a third party to conduct all or part of the study. The board, or a third party the board enters into a contract with to conduct the study, shall engage with relevant stakeholders in conducting the study. Relevant stakeholders must include, at a minimum:
(a) Representatives of reinsurers;
(b) Representatives of insurers writing homeowner's insurance contracts or policies in Colorado;
(c) Representatives of reinsurance brokers;
(d) Individuals with expertise in complex financial instruments and debt instruments; and
(e) Consumers or individuals with experience in wildfire mitigation.
(4) The board shall submit the study required by subsections (1) and (2) of this section to the house of representatives transportation, housing, and local government committee and the senate local government and housing committee, or their successor committees, and shall publish the study on the division's website.
(5) This section is repealed, effective July 1, 2031.
Source: L. 2026: Entire part added, (SB 26-155), ch. 373, p. 2279, § 1, effective August 12.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-4-2005
What does Colorado Revised Statutes § 10-4-2005 cover?
Section 10-4-2005 ("Study regarding insurance risk in high-risk wildfire areas of the state - repeal.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 10-4-2005?
A common citation format is "Colorado Revised Statutes § 10-4-2005" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 10-4-2005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.