(1) An insurer shall pay premium tax, as provided in section 10-3-209, on travel insurance premiums paid by any of the following:(a) A primary policyholder who is a resident of this state;(b) A primary certificate holder who is a resident of this state and who elects coverage under a group travel insurance policy; or(c) Subject to any apportionment rules that apply to the insurer across multiple taxing jurisdictions or that permit the insurer to allocate premiums on an apportioned basis in a reasonable and equitable manner in those jurisdictions, a policyholder of blanket travel insurance:(I) Who is a resident of this state;(II) Whose principal place of business is in this state; or(III) Whose affiliate or subsidiary has a principal place of business in this state, if the affiliate or subsidiary has purchased blanket travel insurance in this state for members of an eligible group.(2) A travel insurer shall: (a) Document the state of residence or principal place of business of a policyholder or certificate holder, for purposes of paying premium tax as required in subsection (1) of this section; and(b) Report as premium only the amount allocable to travel insurance and not any olicyholder or certificate holder, for purposes of paying premium tax as required in subsection (1) of this section; and(b) Report as premium only the amount allocable to travel insurance and not any amounts received for travel assistance services or cancellation fee waivers.Added by 2024 Ch. 128,§ 2, eff. 8/7/2024.2024 Ch. 128, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
Colorado Legal Code