Code of Colorado Regulations
1100 - Department of Labor and Employment
1101 - Division of Workers' Compensation
7 CCR 1101-4 - RULES GOVERNING THE ISSUANCE OF SELF-INSURANCE PERMITS UNDER THE WORKERS' COMPENSATION ACT
Part 1 - INTRODUCTION

(A) STATEMENT OF BASIS AND PURPOSE

The specific right of the Executive Director to issue and revoke permits which allow employers to fulfill their insurance requirements under the Workers' Compensation Act of Colorado by the self-insured method is found under § 8-44-201. C.R.S.

The following rules set forth procedures for applying for a self-insurance permit, submission of periodic reports for retention of self-insured status, approval or denial of applications and revocation of a permit. Also set forth by these rules are the security deposit and insurance requirements of self-insurers and the authority of the Executive Director to perform audits to determine adequacy of reserves and security or require an audit and certified statement by an independent source.