June 10, 2008 — Colorado Governor Bill Ritter signed Senate Bill 11 (auto insurance med pay bill) into law June 5, 2008.
The bill provides that insurance companies offer $5,000 of auto insurance medical payments to consumers. Consumers may then opt-out of this coverage in writing, if they have other insurance options. This is similar to the way uninsured motorist coverage is currently handled in Colorado.
This will provide tangible benefits and may cause up to 75 percent of Colorado consumers, who do not now have coverage, to obtain it. This will be good for consumers, emergency medical providers, hospitals, and chiropractors.
The law is expected to take effect on Jan. 1, 2009, and will apply to auto insurance policies issued, delivered, or renewed on or after this date.
To view a copy of the final bill, go to www.ChiroEco.com/SB11.
Source: Colorado Chiropractic Association, www.coloradochiropractic.org