Implement Fair Access to Insurance Requirements Plans

Added new requirements stating that a claim for breach of the common law covenant of good faith and fair dealing against the association requires proof that the association acted unreasonably and knew or recklessly disregarded that its actions were unreasonable.

Updated the document header from 'Rerevised' to 'Revised' and added text indicating amendments were adopted on second reading in the Second House.

Added specific statutory sections (10-4-1810.5) that define immunity exceptions and available remedies for policyholders suing the FAIR Plan Association.

Changed the breach of covenant of good faith and fair dealing provisions to specify that damages are limited to compensatory damages unless fraud, malice, or willful conduct is proven.

Added new sponsor names to the bill sponsorship list and updated committee assignments from House and Senate to include additional members.

Reorganized the bill structure with new page breaks and formatting changes that reflect the legislative process updates.

Added reading dates and amendment statuses showing the bill's progression through Senate and House committees in March 2025.

Added header information including session details, committee sponsorships, and bill summary notes

Added explanatory notes about amendment types (house vs senate) and markup conventions

Removed final act signature lines and certification language indicating the bill was ready for governor's signature

Reorganized bill structure from final act format to draft format with line numbers and page headers

Added a note indicating the bill is prepared for signatures and directing readers to consult legislative status sheets for Governor action.

Reformatted the bill title and sponsor information from left-aligned to right-aligned format in the final act version.

Changed signature lines from pre-printed names to blank lines for signatures in the final act version.

Minor spacing and punctuation adjustments throughout the document, including removal of explanatory notes about markup conventions.

Added explicit language stating the FAIR Plan Association is not a department, unit, agency, political subdivision, or instrumentality of the state, and its debts are not state debts.

Modified immunity provisions to clarify that the FAIR Plan Association and its members are immune from liability for actions taken in performance of duties, with exceptions for breach of contract or good faith violations.

Added specific requirements for proving breach of good faith, requiring proof that the association acted unreasonably and knew or recklessly disregarded its actions were unreasonable.

Modified punitive damages rules to limit them only to cases involving fraud, malice, or willful and wanton conduct, while compensatory damages remain available for economic and noneconomic losses.

Added provision that if a policyholder successfully proves breach of good faith, they are entitled to attorney fees and costs, but frivolous actions may result in costs and fees being awarded to the association.

Added additional co-sponsors (Bacon, Bird, Boesenecker, Clifford, Duran, Froelich, Joseph, Lieder, Lindsay, Lukens, Mabrey, Rutinel, Sirota, Stewart K., Titone) to the House sponsorship list.

Updated header text from 'ENGROSSED' to 'REENGROSSED' and added a note indicating the bill summary applies to the reengrossed version with a March 4, 2025 date.

Removed the provision that allowed courts to award costs and attorney fees to the insurance association if a policyholder's lawsuit was found to be frivolous.

Added a requirement that the FAIR plan must comply with specific sections of the Colorado Insurance Code (Title 10, Article 4), replacing a statement that it is not an insurance company.

Removed the Safety clause (Section 4) which declared the act necessary for public peace, health, or safety.

Changed the document header from 'Introduced' to 'Engrossed' and updated page numbering format from 'HB25-1205' to '1205'.