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ColoradoSB25-0582025 Regular SessionSenateWALLET

Insurance Rebate Reform Model Act

Sponsored By: Gretchen Rydin (Democratic), Marc Snyder (Democratic), Ryan Gonzalez (Republican)

Signed by Governor

Insurance

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 2 benefits, 0 costs, 0 mixed.

Insurance customers can receive limited gifts

Colorado insurers and agents can offer noncash gifts worth under $250 and free drawings with prizes up to $500. Additional noncash gifts or services, including meals and charitable donations, have per-policy-year limits set by the insurance commissioner. Gifts must be reasonable compared with premiums, cannot be charged to someone else, and cannot unfairly discriminate. Customers cannot be required to buy, keep, or renew coverage to receive a gift, service, or prize. Different conditions can apply to commercial or institutional customers, and the commissioner can adjust dollar limits for inflation. Insurers and agents cannot offer insurance to sell another policy or use 'free' or 'no cost' advertising, except for qualifying added products or services. The general ban on unauthorized rebates remains in place. These rules share the law's effective date: the day after 90 days following final legislative adjournment, unless a referendum petition delays it. After a referendum, they take effect only upon voter approval at the November 2026 election and the governor's official declaration.

More low-cost services for insurance customers

Colorado insurers and agents can offer free or discounted services even when they are not listed in the policy. Services must relate to coverage and support goals such as preventing losses, improving health or financial wellness, or helping after losses. Costs must be reasonable compared with premiums or coverage, and cannot be charged to another person or entity. Providers must give customers contact information and keep fair, objective eligibility rules available for Division of Insurance review. Services without enough supporting evidence require an approved, nondiscriminatory pilot lasting no more than one year; the Division must decide within 30 days. Separate, tangential services must be available without buying insurance, on equal terms to all potential customers. Providers must disclose this in writing before a purchase, quote, or agent designation. The law applies to conduct starting at 12:01 a.m. the day after 90 days following final legislative adjournment. A referendum petition delays that start until voter approval at the November 2026 election and the governor's official declaration.

Sponsors & Cosponsors

Sponsors

  • Gretchen Rydin

    Democratic • House

  • Marc Snyder

    Democratic • Senate

  • Ryan Gonzalez

    Republican • House

Cosponsors

  • Bob Marshall

    Democratic • House

  • Chad Clifford

    Democratic • House

  • Eliza Hamrick

    Democratic • House

  • Jennifer Bacon

    Democratic • House

  • Kyle Brown

    Democratic • House

  • Monica Duran

    Democratic • House

  • Rebecca Keltie

    Republican • House

  • Dafna Michaelson Jenet

    Democratic • Senate

  • Kyle Mullica

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 181 • No: 5

Senate vote • 4/3/2025

House amendments: Concur

Yes: 34 • No: 0

Senate vote • 4/3/2025

House amendments: Repass

Yes: 33 • No: 1

House vote • 4/1/2025

Third reading: Bill

Yes: 61 • No: 2

House vote • 3/19/2025

Refer Senate Bill 25-058, as amended, to the Committee of the Whole.

Yes: 13 • No: 0

Senate vote • 3/4/2025

Third reading: Bill

Yes: 32 • No: 1

Senate vote • 2/26/2025

Refer Senate Bill 25-058, as amended, to the Committee of the Whole.

Yes: 8 • No: 1

Actions Timeline

  1. Governor Signed

    4/18/2025House

  2. Sent to the Governor

    4/9/2025House

  3. Signed by the President of the Senate

    4/8/2025Senate

  4. Signed by the Speaker of the House

    4/8/2025House

  5. Senate Considered House Amendments - Result was to Concur - Repass

    4/3/2025Senate

  6. House Third Reading Passed - No Amendments

    4/1/2025House

  7. House Second Reading Special Order - Passed with Amendments - Committee

    3/31/2025House

  8. House Second Reading Laid Over Daily - No Amendments

    3/24/2025House

  9. House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole

    3/19/2025House

  10. Senate Third Reading Passed - No Amendments

    3/4/2025Senate

  11. Introduced In House - Assigned to Business Affairs & Labor

    3/4/2025House

  12. Senate Second Reading Passed with Amendments - Committee, Floor

    3/3/2025Senate

  13. Senate Committee on Health & Human Services Refer Amended to Senate Committee of the Whole

    2/26/2025Senate

  14. Introduced In Senate - Assigned to Health & Human Services

    1/21/2025Senate

Bill Text

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