On July 11, 2024, the Colorado Division of Insurance Adopted Proposed New Regulation 5-1-26 concerning Homeowner Reconstruction Costs and Replacement Cost Estimates, which establishes the factors and cost considerations insurers must consider when establishing the replacement cost estimate of the dwelling that they must disclose to the applicant or policyholder as required by Colorado House Bill 23-1174. The regulation is effective August 30, 2024.