Colo. Rev. Stat. § 8-42-127

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 8-42-127 - Direct deposit

If a claimant has voluntarily authorized direct deposit, the insurer or self-insured employer shall deposit all temporary disability benefits and permanent disability benefits due and payable to the claimant under this title 8 in an account designated by the claimant in any bank, savings and loan association, credit union, or other financial institution authorized by the United States or one of the several states to receive deposits in the United States. The claimant or the claimant's attorney can withdraw any direct deposit authorization at any time.

C.R.S. § 8-42-127

Added by 2024 Ch. 389,§ 4, eff. 8/7/2024.
2024 Ch. 389, was passed without a safety clause. See Colo. Const. art. V, § 1(3).