Colo. Rev. Stat. § 18-8-408

Current through 11/5/2024 election
Section 18-8-408 - Designation of insurer prohibited
(1) No public servant shall, directly or indirectly, require or direct a bidder on any public building or construction contract which is about to be or has been competitively bid to obtain from a particular insurer, agent, or broker any surety bond or contract of insurance required in such bid or contract or required by any law, ordinance, or regulation.
(2) Any such public servant who violates any of the provisions of subsection (1) of this section commits a civil infraction.
(3) Any provisions in invitations to bid or in any contract documents prohibited by this section are declared void as against the public policy of this state.
(4) Nothing in this section shall be construed to prevent any such public servant acting on behalf of the government from exercising the right to approve or reject a surety bond or contract of insurance as to its form or sufficiency or the lack of financial capability of an insurer selected by a bidder.
(5) This section shall apply only to contracts entered into on or after July 1, 1977.

C.R.S. § 18-8-408

Amended by 2021 Ch. 462, § 299, eff. 3/1/2022.
L. 77: Entire section added, p. 989, § 1, effective May 26. L. 2021: (2) amended, (SB 21-271), ch. 462, p. 3200, § 299, effective 3/1/2022.

Section 803(2) of chapter 462 (SB 21-271), Session Laws of Colorado 2021, provides that the act changing this section applies to offenses committed on or after March 1, 2022.

2021 Ch. 462, was passed without a safety clause. See Colo. Const. art. V, § 1(3).