Colorado

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Law / Act2

Data Privacy & ProtectionFinanceHealthcareLabor & Workforce

Law / Act✓ Official

Colorado SB 21-169: Restrictions on Insurers' Use of External Consumer Data

Colorado enacted Senate Bill 21-169, prohibiting insurance companies from using external consumer data and information sources, as well as algorithms and predictive models using such data, in unfairly discriminatory ways in insurance underwriting and rating. The law directed the Colorado Division of Insurance to adopt rules requiring insurers to demonstrate that their use of external data and algorithms does not result in unfair discrimination based on protected characteristics. It was one of the first state laws to directly address algorithmic fairness in the insurance industry.

1 September 2021FinanceData Privacy & Protection

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Law / Act✓ Official

Colorado SB 24-205: Consumer Protections for Interactions with Artificial Intelligence Systems

Colorado became the first state to enact comprehensive AI bias legislation covering high-risk AI systems with this law, which requires developers and deployers of high-risk AI systems to use reasonable care to protect consumers from known or reasonably foreseeable risks of algorithmic discrimination. Covered entities must perform impact assessments, disclose AI use to consumers, provide an appeal process for adverse decisions, and file annual reports with the Attorney General. The law takes effect on February 1, 2026 and covers AI used in consequential decisions involving employment, credit, housing, healthcare, and other sensitive areas.

17 May 2024Data Privacy & ProtectionLabor & WorkforceFinance+1

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