HB 17-1048

House Bill 17-1048, which has been signed into law, updates Colorado's insurance fraud laws. It changes how long prosecutors have to start a case after discovering an act of insurance fraud and protects more organizations from legal consequences if they help investigate suspected fraudulent activities in good faith. This bill affects anyone involved in insurance, including policyholders, insurers, and investigative agencies. Since it has been signed, the law is now active and enforceable in Colorado.

Official Summary

The bill amends language describing the criminal offense of insurance fraud. The bill states that, for criminal offenses relating to insurance fraud, the period within which a prosecution must be commenced begins to run upon discovery of the criminal or delinquent act. Current law provided immunity to persons, insurers, and authorized agencies that act in good faith to cooperate, furnish evidence, or provide information concerning an actual or suspected fraudulent insurance act. The bill extends this immunity to secondary agencies that do the same. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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