Colorado § 8-43-304.5 - Penalties in rate-making.
Full text of Colorado Colorado Revised Statutes § 8-43-304.5 — Penalties in rate-making., with citation guidance and answers to common questions.
§ 8-43-304.5. Penalties in rate-making.
For purposes of rate-making under sections 10-4-401, 10-4-402, and 10-4-403, C.R.S., insurers shall not include, nor shall the insurance commissioner consider, any penalties paid under section 8-43-304 or any damages awarded in suits founded upon breach of duty in handling a claim for compensation under section 8-41-102.
Source: L. 91: Entire section added, p. 1324, § 36, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 8-43-304.5
What does Colorado Revised Statutes § 8-43-304.5 cover?
Section 8-43-304.5 ("Penalties in rate-making.") 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 § 8-43-304.5?
A common citation format is "Colorado Revised Statutes § 8-43-304.5" (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 § 8-43-304.5 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.