C.R.S. § 10-4-1904: Premium tax.

(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 amounts received for travel assistance services or cancellation fee waivers.