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SB 155

Increase Access Homeowner's Insurance Enterprise

2026 Regular Session

SB 155 expands Colorado's state homeowner's insurance program to increase coverage availability for residents unable to secure private insurance amid market withdrawal.

Governor Signed
#business&economicdevelopment #housing #insurance #professions&occupations
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Bill Summary · SB 155

Legislative bill overview

SB 155 aims to expand homeowner's insurance availability in Colorado by establishing or modifying mechanisms through the state's insurer of last resort (the Colorado FAIR Plan or similar enterprise). The bill addresses Colorado's growing homeowner's insurance crisis, where major insurers have withdrawn from the market, leaving many residents unable to obtain coverage through traditional channels.

Why is this important

Colorado has experienced dramatic insurance market disruptions, with several major carriers exiting the state due to wildfire risk and claims costs. This leaves hundreds of thousands of homeowners unable to secure affordable insurance, which can prevent mortgage lending, property sales, and leave families financially vulnerable to catastrophic loss. Expanding access through a state enterprise could stabilize the market, though it may shift costs or risks.

Potential points of contention

  • Cost allocation: Whether increased access through state plans means higher premiums for all policyholders or general taxpayer subsidies, and who ultimately bears financial risk from major disasters
  • Market dynamics: Whether expanding state coverage discourages private insurers from re-entering the market or enables them to avoid high-risk customers, potentially creating a two-tier system
  • Premium affordability: Whether expanded access achieves truly affordable rates or simply makes unaffordable insurance more available, leaving affordability gaps unresolved

Compiled from official sources — confirm details with the bill’s official record.

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