Colorado § 8-41-202 - Rejection of coverage by corporate officers and others.
Full text of Colorado Colorado Revised Statutes § 8-41-202 — Rejection of coverage by corporate officers and others., with citation guidance and answers to common questions.
§ 8-41-202. Rejection of coverage by corporate officers and others.
(1) Notwithstanding any provisions of articles 40 to 47 of this title 8 to the contrary, a corporate officer of a corporation or a member of a limited liability company may elect to reject the provisions of articles 40 to 47 of this title 8. If so elected, the corporate officer or member shall provide written notice on a form approved by the division through a rule adopted by the director of the election to the workers' compensation insurer of the employing corporation or company, if any. If there is no workers' compensation insurance company, the notice shall be provided to the division. The notice becomes effective the day following receipt of the notice by the insurer or the division.
(2) A corporate officer's or member's election to reject the provisions of articles 40 to 47 of this title shall continue in effect so long as the corporation's or company's insurance policy is in effect or until said officer or member, by written notice to the insurer, revokes the election to reject said provisions.
(3) Nothing in this section shall be construed to limit the responsibility of corporations or limited liability companies to provide coverage for their employees as required under articles 40 to 47 of this title. An election to reject coverage pursuant to this section may not be made a condition of employment.
(4) As used in this section:
(a) "Corporate officer" means the chairperson of the board, president, vice-president, secretary, or treasurer who is an owner of at least ten percent of the stock of the corporation and who controls, supervises, or manages the business affairs of the corporation, as attested to by the secretary of the corporation at the time of the election.
(b) "Member" means an owner of at least ten percent of the membership interest of the limited liability company at all times and who controls, supervises, or manages the business affairs of the limited liability company.
Source: L. 90: Entire article R&RE, p. 477, § 1, effective July 1. L. 93: Entire section amended, p. 386, § 1, effective April 19. L. 96: (1) and (4) amended, p. 646, § 1, effective May 1. L. 2026: (1) amended, (SB 26-186), ch. 315, p. 1845, § 2, effective August 12.
Editor's note: This section is similar to former § 8-41-106.5 as it existed prior to 1990.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 8-41-202
What does Colorado Revised Statutes § 8-41-202 cover?
Section 8-41-202 ("Rejection of coverage by corporate officers and others.") 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 § 8-41-202?
A common citation format is "Colorado Revised Statutes § 8-41-202" (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 § 8-41-202 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.