Strengthen Colorado Homes Enterprise Creates State Insurance Fee Program
Summary
Colorado SB26-155 proposes creating the Strengthen Colorado Homes Enterprise, a government-owned business within the Division of Insurance, to address availability of homeowner's insurance in the state. Beginning in calendar year 2027, the enterprise would impose and collect an annual fee equal to 0.5% of total premiums collected by insurers on multiperil homeowner's insurance policies in the state. Fee revenue would fund grants to homeowners for retrofitting residential properties with resilient roof systems, contractor training and certification, and an insurance risk study in high-risk wildfire areas. The bill also requires insurers to demonstrate in rate filings that savings from resilient roof system installations are passed through to homeowners as discounts or reduced premiums.
Insurance companies offering multiperil homeowner's coverage in Colorado should monitor SB26-155 through the Senate Appropriations committee and potential floor votes. The proposed 0.5% premium fee on total collected premiums represents a new cost obligation, and the mandatory discount demonstration requirement for rate filings effective January 1, 2027 will require updated actuarial justification in filings. Companies should begin reviewing their roof discount programs to ensure they can meet the proposed pass-through demonstration standard.
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What changed
The bill proposes establishing the Strengthen Colorado Homes Enterprise, governed by a 7-member board including the insurance commissioner, to impose and collect a 0.5% annual fee on total premiums from multiperil homeowner's insurance policies in Colorado beginning in 2027. The enterprise would award grants to homeowners for purchasing and installing resilient roof systems, prioritizing primary residences and areas susceptible to extreme weather events, with additional grants for contractor training. Insurers are prohibited from surcharging the fee amount to policyholders, and contractors receiving grant money cannot waive homeowner's insurance deductibles.
Insurers offering multiperil homeowner's insurance in Colorado should monitor this bill's progress through Senate Appropriations and potential floor votes. If enacted, insurers will need to modify rate filings beginning January 1, 2027 to demonstrate that savings from resilient roof system installations are passed through to homeowners through discounts or reduced premiums. The 0.5% fee on total premiums collected represents a new cost obligation that could affect underwriting profitability, though the enterprise may lower or cease collecting fees from insurers facing insolvency.
Archived snapshot
Apr 24, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
SB26-155
Increase Access Homeowner's Insurance Enterprise
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects | Business & Economic Development Housing Insurance Professions & Occupations |
Concerning increasing the availability of homeowner's insurance in the state.
Recent Bill (PDF) Recent Fiscal Note (PDF) Bill Summary:
The bill creates the strengthen Colorado homes enterprise (enterprise), which is a government-owned business created in the division of insurance (division) in the department of regulatory agencies. The enterprise is governed by a 7-member board (board), including the commissioner of insurance (commissioner), or their designee; members with expertise in home hardening and resilient roof systems; and members representing the interests of insurance companies, consumers, and counties.
The primary purpose of the enterprise is to impose and collect an annual fee (fee) from an insurance company that offers multiperil homeowner's insurance policies in the state (insurer) to reduce risks and losses to insurers that pay the fee by using fee revenue to provide grants to homeowners (grants) to defray the cost of retrofitting residential property by purchasing and installing resilient roof systems. In awarding grants, the board shall prioritize homes that are the homeowner applicant's (applicant) primary residence and shall consider other criteria, including applicant income, the age of the roof, the size of the home, the number of grant applicants, and whether the applicant lives in a location that has historically had a higher susceptibility to extreme weather events. In order to ensure the necessary workforce, fee revenue may also be used to award grants to defray the costs of training and certification related to installing and certifying resilient roof systems. A contractor that is awarded bids and receives money from a grant is prohibited from waiving homeowner's insurance deductibles.
In addition, fee revenue shall be used for contracting with the division to conduct or contract for a study to analyze insurance risk in high-risk wildfire areas of the state, including an analysis of market competition in those areas and the impact of a high risk program on the potential losses and the availability of homeowner's insurance in those areas.
Beginning in the 2027 calendar year, the amount of the insurer fee imposed and collected by the enterprise is an amount equal to 0.5% of the total premium collected by an insurer on multiperil homeowner's insurance policies in the state in the immediately preceding calender year. The insurer shall not surcharge the fee amount to policyholders. The enterprise may lower or cease collecting the fee from an insurer in any calendar year if the commissioner determines that the insurer paying the fee would become insolvent and notifies the board.
The board shall adopt rules and policies for the regulation of the enterprise's affairs and the conduct of enterprise business, including standards for resilient roof systems and standards for contractor-specialized training in the installation of impact-resistant roof systems.
Beginning with rate filings submitted on and after January 1, 2027, an insurer offering multiperil homeowner's insurance for property or risks located in the state shall demonstrate in the insurer's rate filings that savings from the installation of resilient roof systems are passed through to homeowners through the application of discounts or reduced premiums on homeowner's insurance policies.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Kyle Mullica
Representative
Julie McCluskie
Representative
Kyle Brown
Committees
Senate
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Status
Under Consideration
Introduced
Under Consideration
Upcoming Schedule
1 meeting
Apr 24
Senate Appropriations
8:00 AM LSB B
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/07/2026 | Introduced |
| Date | Version | Documents |
|---|---|---|
| 04/15/2026 | PA1 |
| Date | Version | Documents |
|---|---|---|
| 04/16/2026 | First Revised Fiscal Note | |
| 04/10/2026 | Initial Fiscal Note |
| Date | Version | Documents |
|---|---|---|
| 04/22/2026 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 26-155 to the Committee of the Whole. | The motion passed on a vote of 4-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 (Attachment G) | The motion passed without objection. | Vote summary |
| Adopt amendment L.002 (Attachment H) | The motion passed without objection. | Vote summary |
| Adopt amendment L.003 (Attachment I) | The motion passed without objection. | Vote summary |
| Adopt amendment L.004 (Attachment J) | The motion passed without objection. | Vote summary |
| Adopt amendment L.005 (Attachment K) | The motion passed without objection. | Vote summary |
| Adopt amendment L.006 (Attachment L) | The motion passed without objection. | Vote summary |
| Refer Senate Bill 26-155, as amended, to the Committee on Appropriations. | The motion passed on a vote of 6-3. | Vote summary |
| Hearing Summary | Committee Report: PDF | |
| Date | Amendment Number | Committee/ Floor Hearing |
| --- | --- | --- |
| 04/24/2026 | J.001 | SEN Appropriations |
| 04/14/2026 | L.006 | SEN Finance |
| 04/14/2026 | L.005 | SEN Finance |
| 04/14/2026 | L.004 | SEN Finance |
| 04/14/2026 | L.003 | SEN Finance |
| 04/14/2026 | L.002 | SEN Finance |
| 04/14/2026 | L.001 | SEN Finance |
- Amendments passed in committee are not incorporated into the measure unless adopted by the full House or Senate.
** The status of Second Reading amendments may be subsequently affected by the adoption of an amendment to the Committee of the Whole Report. Refer to the House or Senate Journal for additional information.
| Date | Location | Action |
|---|---|---|
| 04/24/2026 | Senate | Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole |
| 04/14/2026 | Senate | Senate Committee on Finance Refer Amended to Appropriations |
| 04/07/2026 | Senate | Introduced In Senate - Assigned to Finance |
Prime Sponsor
Rep. K. Brown | Rep. J. McCluskie
Sponsor
(None) Co-Sponsor
(None)
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