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HB 12-1033: Workers' Comp Audit Admin Fines
HB 12-1033: Workers' Comp Audit Admin Fines
Mike Johnston
Colorado General Assembly | 200 E. Colfax Avenue | Denver, CO 80203 | 303.866.4864
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C.R.S. 8-43-101 et. seq. C.R.S. 8-43-101(1). 3 Id. 4 Testimony from Patrick Boyle (Property Casualty Insurance Association of America), House Economic and Business Development Committee, Jan. 19, 2012. 5 C.R.S. 8-43-304(1.5)(b).
Bill Provisions: Adds to the Colorado Workers Compensation Act a provision that bars the director of the Division of Workers Compensation from imposing a fine for failure to report an injury within ten days of the injury if the employer or insurance company does not have notice or knowledge of the injury. However, a fine may be imposed if the failure to report constitutes a knowing and repeated pattern of noncompliance and not a lack of notice or knowledge. Takes effect either 90 days after adjournment or, if a referendum is put to the voters during the 2012 general election, upon the approval of Colorado voters. Fiscal Impact: The Colorado Legislative Council estimates the bill will reduce revenue from fines by less than $10,000 in FY 2012-13 and future years. Seventy-five percent of workers compensation fine revenue is credited to the General Fund and the remaining 25 percent is credited the Workers Compensation Cash Fund. As a result, the impact is estimated at less than $7,500 to the General Fund and less than $2,500 to the Workers s Compensation Cash Fund.6
Clare Pramuk, Fiscal Note: HB 12-1033 (Jan. 30, 2012), http://www.leg.state.co.us/clics/clics2012a/csl.nsf/fsbillcont3/218B7C82071289AD87257981007E0839?Open&file=HB1033_r1. pdf.