HB 24-1315

House Bill 24-1315 requires the Colorado Division of Insurance to study and recommend uniform standards for cleaning homes damaged by smoke, soot, ash, and other contaminants from fires. The bill allocates funding for this research and mandates that a report with findings and recommendations be submitted by January 1, 2026. This affects homeowners who have experienced fire damage and the insurance industry involved in remediation processes. Since it has been signed into law, the study will begin as planned, impacting how future fire-damaged properties are cleaned and insured.

Official Summary

The act requires the division of insurance (division) to conduct or cause to be conducted a study regarding the remediation of residential premises that have been damaged from smoke, soot, ash, and other contaminants as a result of a fire. The study focuses on existing practices for the remediation of homes that have been damaged by smoke, soot, ash, and other contaminants as a result of a fire and requires the division to make recommendations for establishing uniform standards related to such remediation. The division may contract with a third party to conduct all or part of the study. The division must submit a report of the study's findings and recommendations to certain committees of the general assembly by January 1, 2026. For the 2024-25 state fiscal year, $219,909 is appropriated to the department of regulatory agencies for use by the division. APPROVED by Governor June 5, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)

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