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During the 2023 legislative session, the General Assembly passed and the Governor signed into law HB23-1288, the Fair Access to Insurance Rates (or FAIR) plan, which sets up an Association to provide property insurance coverage, including commercial property insurance, when such coverage is not otherwise available in Colorado. The current Board is in its final stages of implementing the FAIR Plan in Colorado.
The State is currently accepting new applications for all FAIR Plan Association Board positions. We have an immediate need to fill the Producer seat, which expires on January 1, 2025. However, we encourage applications for all positions to maintain a diverse and qualified pool of candidates for both current and future openings on the Board.
The Association is governed by a nine member Board. By law, Board members must represent the following interests:
- Two individuals representing admitted mutual insurers writing property insurance in Colorado;
- Two individuals representing admitted stock insurers writing property insurance in Colorado;
- One individual representing a Colorado-based insurance trade organization that represents insurers of various property interests;
- One member representing a Colorado-based insurance trade association that represents independent insurance agents licensed to write property and casualty insurance in Colorado;
- One insurance producer licensed to write property and casualty insurance in Colorado;
- Two individuals representing the interests of consumers and, to the extent practicable, representing consumer advocacy organizations and diverse geographic areas of the state.
Board terms are for three years, with initial appointments staggered to ensure continuity.
Interested individuals must complete this application from the Colorado Office of Boards & Commissions. When applying, please indicate which of the seats listed above you are seeking to fill.
Please submit your completed application no later than December 3, 2024. In accordance with HB23-1288, Board members will be appointed by the Governor.
For further information about the FAIR Plan, please refer to HB23-1288.
If you have any questions about this process, please contact Keilani Fleming at keilani.fleming@state.co.us.
Please do not reply to this email as your response will not be read or forwarded.
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