Member Companies

Assessment Information

The Colorado FAIR Plan Board approved a capital assessment of $46.5 million dollars. This amount represents less than 1% of the total written property premium in Colorado. The assessment will support the Plan’s operations and financial stability including the purchase of reinsurance as well as investing in tools to support and reflect mitigation efforts by home and business owners. This amount is also inclusive of anticipated loss payments for those customers that have claims covered by a FAIR Plan policy.

This assessment is paid by admitted insurance carriers who write personal and commercial property insurance.  Excess and surplus lines carriers are not subject to the assessment.  Invoices are expected to go out in March of 2025.

  • Assessments are due within 30 days of request.

  • Yes. As outlined in C.R.S. 10-4-1810, the Commissioner of Insurance may suspend or revoke the certificate of authority to transact insurance business in this state of any member insurer that fails to timely pay a fee or to comply with the plan of operation. As an alternative to suspension or revocation of a certificate of authority, the Commissioner may impose a fine on any member insurer that fails to timely pay a fee or to comply with the plan of operation. The fine must be the greater of (a) the amount of the fee plus interest and the Commissioner's cost of enforcement or (b) five thousand dollars.

  • Please send assessment payments to:

    Colorado FAIR Plan

    P.O. Box 562

    Gretna, NE 68028

  • Please email us at information@coloradofairplan.com

  • The Colorado FAIR Plan Association Board determined that the initial assessment would include the approved operational administrative budgets for the Plan for the remainder of 2024, as well as for 2025. Your company's Assessment Letter will break down both years separately. The approved 2024 administrative budget is $3,500,504 and the approved 2025 administrative budget is $2,281,504. Your company is being assessed based on its market shares from 2020, 2021, and 2022, subject to C.R.S. 10-4-1807(2)(h). This initial assessment does not include funds for anticipated losses. Once actuarial studies have been completed, a secondary assessment will take place.