This bill establishes the Strengthen Colorado Homes Enterprise in the Division of Insurance (DOI) in the Department of Regulatory Agencies (DORA). The enterprise will charge a .5% fee on all property insurance policies to fund a grant program for resilient roofing and to analyze insurance risk in high-risk wildfire areas of the state. CUT strongly opposes this TABOR bypass that will result in $30M in fees (taxes), increased insurance costs to all property owners – all to finance grants that benefit only a few. This is not the role of government. Insurance companies can offer incentives to property owners without government involvement.
