The general assembly recognizes that the general liability and automobile liability insurance policies of the state of Colorado have been canceled, that no responsive bids were received, and that, as a direct result, the governor called an extraordinary session of the general assembly to address the need for a method to protect the state and […]
As used in this part 15, unless the context otherwise requires: “Board” means the state claims board created in section 24-30-1508. Repealed. “Executive director” means the executive director of the department of personnel. “Final money judgment” means any judgment for monetary damages against the state after all appropriate appeals of such judgment have been exhausted. […]
Pursuant to section 13 of article XII of the state constitution, the executive director of the department of personnel shall appoint such personnel as may be necessary for the efficient operation of the risk management system. The powers, duties, and functions concerning risk management, specified by this part 15, shall be administered as if transferred […]
If an institution of higher education, the Auraria higher education center established in article 70 of title 23, C.R.S., or the Colorado commission on higher education elects to be excluded from the meaning of “state agency” and to obtain an independent risk management program pursuant to section 24-30-1502 (5)(b), such institution, center, or commission shall […]
The department of personnel shall have the following powers and duties: To coordinate and administer a comprehensive risk management program that serves all state agencies; To administer, supervise, and manage the investigation and adjustment of claims brought against the state; To administer, supervise, and manage the legal defense of claims brought against the state; To […]
In order to perform the powers and duties set forth in this part 15, the executive director shall exercise the following powers: Supervise the development and administration of the following risk management programs: A comprehensive risk management program; A program identifying property and liability losses, insurance costs, and administrative costs of risk management incurred by […]
The executive director shall provide services for the investigation and adjustment of claims brought against the state or of any incident or occurrence likely to result in a claim against the state or of claims of state agencies for loss or damage to state property and for support services necessary for the processing of such […]
The executive director shall provide legal services for the defense of claims brought against the state and may in his or her discretion employ legal counsel to coordinate, direct, supervise, or otherwise aid in the investigation of any incident or occurrence likely to result in a claim against the state. The executive director may provide […]
There is hereby created the state claims board which shall consist of the executive director, the state treasurer, and the attorney general. The board may request the assistance of the commissioner of insurance on such occasions as it deems necessary. The state claims board shall exercise its powers and perform its duties and functions as […]
The board shall have the following powers and duties: To oversee the management of the risk management fund created in section 24-30-1510; To compromise or settle claims on behalf of the state in the amounts authorized in section 24-30-1515 (2)(a)(V) and pursuant to the procedures set forth in section 24-30-1515; To adopt rules to govern […]
There is hereby created in the state treasury a fund to be known as the risk management fund, which shall consist of all moneys that may be appropriated thereto by the general assembly or that may be otherwise made available to it by the general assembly. Moneys “otherwise made available” shall be deemed to include […]
In determining the amount of risk assessed to institutions of higher education for purposes of making recommendations to the joint budget committee on the amount of appropriations necessary to reflect the risks attributable to institutions of higher education for the risk management fund and for the state employee workers’ compensation account in the risk management […]
There is hereby created in the state treasury a fund to be known as the self-insured property fund, which shall consist of all moneys that may be appropriated thereto by the general assembly or which may be otherwise made available to it by the general assembly. Moneys “otherwise made available” shall be deemed to include […]
There is hereby created, as a separate account in the risk management fund, the state employee workers’ compensation account, which consists of all moneys that may be appropriated thereto by the general assembly and that may be otherwise made available to it by the general assembly for the purpose of establishing a workers’ compensation self-insurance […]
The state treasurer shall invest any portion of the risk management fund, including its reserves, which the executive director and the board determine is not needed for immediate use. The state treasurer shall invest any portion of the self-insured property fund, including its reserves, which the executive director determines is not needed for immediate use. […]
As used in this section, “state self-insurance fund” means the risk management fund created in section 24-30-1510 (1) excluding the state employee workers’ compensation account; the self-insured property fund created in section 24-30-1510.5; or the state employee workers’ compensation account in the risk management fund created in section 24-30-1510.7. If there is an insufficient cash […]
The setting aside of reserves for self-insurance purposes in the risk management fund created in section 24-30-1510, in the self-insured property fund created in section 24-30-1510.5, and in the state employee workers’ compensation account in the risk management fund created in section 24-30-1510.7, shall not be construed to be creating an insurance company, nor shall […]
The state auditor or any person authorized by the state auditor shall conduct an examination in accordance with section 2-3-103 to determine that proper underwriting techniques, sound funding procedures, loss reserves, claims procedures, and accounting practices are being followed in the management and operation of the risk management fund, the self-insured property fund, and the […]
A claim against the state or against a state official or employee whose defense has been assumed by the state may be compromised or settled on behalf of the state according to the requirements set forth in subsection (2) of this section. Prior to settling a claim of more than fifty thousand dollars, the board […]
In order to carry out the purposes of this part 15, the executive director may promulgate reasonable rules and regulations governing the following: The administration of the programs authorized in this part 15; The management and administration of the investigation and adjustment of claims brought against the state, its officials, and its employees and of […]
