--- title: "Digital asset business insurance in Colorado" description: "Coverage questions for Colorado virtual-currency kiosks and operators handling customer transactions." canonical: "https://spot.insure/coverage/digital-assets/colorado" page-type: "coverage-state-guide" updated-at: "2026-09-28" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/digital-assets/colorado) # Digital asset business insurance in Colorado Colorado’s 2025 law creates a defined virtual-currency-kiosk fraud-refund exposure. Effective January 1, 2026, an operator must refund a customer’s first transaction when the statute’s narrow facts are met, including transfer to a wallet or exchange outside the United States and timely notice and evidence. For a kiosk placement, price that operational refund risk and ask about the actual policy response; the law does not insure token-price changes.[^1][^2] **Coverage:** [Digital assets](/coverage/digital-assets) · [Colorado](/coverage/states/colorado) ## What Is Digital Assets? Digital-asset coverage may address custody, theft and business-liability risks, but a custodian’s policy may protect the custodian rather than you. If you hold or safeguard assets, verify the insured entity, wallets, key-loss protection and valuation. [Read the national Digital assets guide](/coverage/digital-assets). ## Colorado Requirements | Requirement | Details | | --- | --- | | Confirm the regulated kiosk role | SB 25-079 regulates a virtual-currency kiosk operator and defines new versus existing customers by whether the customer has transacted with the operator for fewer than seven days or at least seven days.[^1] | | Model the narrow refund trigger | For the customer’s first transaction, the operator must refund the full amount within 72 hours if the funds went to a wallet or exchange outside the United States and the customer notifies the operator and law enforcement or a government agency within 60 days and provides evidence of fraud.[^1] | | Use the operative date | SB 25-079 took effect January 1, 2026, absent a referendum petition. Check current amendments and implementation before renewal.[^1][^2] | ## What to Watch for in Colorado ### The refund is not a general chargeback right The statute limits mandatory refunds to a customer’s first transaction and the stated foreign-wallet or exchange, notice, timing and evidence conditions. Estimate this exposure from transaction records and ask whether any policy covers the operator’s reimbursement liability, subject to exclusions and limits.[^1] ### Separate kiosk fraud from general custody loss A kiosk operator may face cash handling, fraud, customer communications, and transfer execution claims. A custodian may instead face continuing control of customer keys and assets. Give the broker the actual operating model and avoid assuming a kiosk-specific law establishes insurance for custodial balances.[^1] ### Market movement is a different loss The statute addresses specified fraud refunds; it does not require reimbursement merely because a purchased asset falls in value. Review the policy’s digital-asset definition, theft trigger, transfer exclusions, valuation rules and insured entity schedule.[^1] ## Who Regulates Insurance in Colorado **Colorado Division of Insurance.** The Division administers Colorado insurance laws and regulates insurers and insurance producers. You can search producer licenses through Colorado’s official DORA lookup and send insurance complaints to the Division.[^3][^4][^5] - [Regulator website](https://doi.colorado.gov/) - [License lookup](https://apps2.colorado.gov/dora/licensing/default.aspx) - [File a complaint](https://doi.colorado.gov/for-consumers/file-complaint) - Phone: (303) 894-7499 ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 3% of net premium When Colorado is the insured’s home state, its surplus-lines tax is 3% of taxable premium. The Colorado Surplus Lines Association says insurer or broker fees charged in connection with the placement are included in the tax base; federal or other-state taxes and examination fees are excluded. For multistate risks, a tax-sharing agreement may allocate premium tax to other states.[^6][^8][^7] ## Providers With Documented State Licenses No provider in Spot’s research documents both a state license record and this coverage line. This does not establish that providers are unlicensed. [Check the regulator’s license lookup](https://apps2.colorado.gov/dora/licensing/default.aspx) and confirm availability with a provider when requesting a quote. ## Questions to Ask Before You Buy in Colorado 1. Does the business operate Colorado kiosks, hold customer assets after a sale, or only supply the software or location? 2. How are first-time customers, foreign wallet destinations, customer reports and required proof recorded and escalated? 3. Would a crime or E&O policy respond to a legally required fraud refund, or is that a contractual/voluntary refund exclusion? 4. Do policy limits reflect both cash physically at each kiosk and digital property controlled by any related custodian? ## Digital Assets in Colorado: FAQ ### When did Colorado’s kiosk provisions take effect? The enrolled SB 25-079 identifies January 1, 2026 as the effective date, absent a referendum petition. The buyer should confirm the operator’s activity and current law before relying on a statutory summary.[^1][^2] ### Must a Colorado kiosk operator refund every mistaken transfer? No. The mandatory refund provision is limited to the customer’s first transaction and the statute’s conditions, including transfer to a wallet or exchange outside the United States, timely reporting to the operator and an authority, and evidence of fraud.[^1] ## Digital Assets in Other States - [Alabama](/coverage/digital-assets/alabama) - [Alaska](/coverage/digital-assets/alaska) - [Arizona](/coverage/digital-assets/arizona) - [Arkansas](/coverage/digital-assets/arkansas) - [California](/coverage/digital-assets/california) - [Connecticut](/coverage/digital-assets/connecticut) - [Delaware](/coverage/digital-assets/delaware) - [District of Columbia](/coverage/digital-assets/district-of-columbia) - [Florida](/coverage/digital-assets/florida) - [Georgia](/coverage/digital-assets/georgia) - [Hawaii](/coverage/digital-assets/hawaii) - [Idaho](/coverage/digital-assets/idaho) - [Illinois](/coverage/digital-assets/illinois) - [Indiana](/coverage/digital-assets/indiana) - [Iowa](/coverage/digital-assets/iowa) - [Kansas](/coverage/digital-assets/kansas) - [Kentucky](/coverage/digital-assets/kentucky) - [Louisiana](/coverage/digital-assets/louisiana) - [Maine](/coverage/digital-assets/maine) - [Maryland](/coverage/digital-assets/maryland) - [Massachusetts](/coverage/digital-assets/massachusetts) - [Michigan](/coverage/digital-assets/michigan) - [Minnesota](/coverage/digital-assets/minnesota) - [Mississippi](/coverage/digital-assets/mississippi) - [Missouri](/coverage/digital-assets/missouri) - [Montana](/coverage/digital-assets/montana) - [Nebraska](/coverage/digital-assets/nebraska) - [Nevada](/coverage/digital-assets/nevada) - [New Hampshire](/coverage/digital-assets/new-hampshire) - [New Jersey](/coverage/digital-assets/new-jersey) - [New Mexico](/coverage/digital-assets/new-mexico) - [New York](/coverage/digital-assets/new-york) - [North Carolina](/coverage/digital-assets/north-carolina) - [North Dakota](/coverage/digital-assets/north-dakota) - [Ohio](/coverage/digital-assets/ohio) - [Oklahoma](/coverage/digital-assets/oklahoma) - [Oregon](/coverage/digital-assets/oregon) - [Pennsylvania](/coverage/digital-assets/pennsylvania) - [Rhode Island](/coverage/digital-assets/rhode-island) - [South Carolina](/coverage/digital-assets/south-carolina) - [South Dakota](/coverage/digital-assets/south-dakota) - [Tennessee](/coverage/digital-assets/tennessee) - [Texas](/coverage/digital-assets/texas) - [Utah](/coverage/digital-assets/utah) - [Vermont](/coverage/digital-assets/vermont) - [Virginia](/coverage/digital-assets/virginia) - [Washington](/coverage/digital-assets/washington) - [West Virginia](/coverage/digital-assets/west-virginia) - [Wisconsin](/coverage/digital-assets/wisconsin) - [Wyoming](/coverage/digital-assets/wyoming) [Other Coverage in Colorado](/coverage/states/colorado) ## Sources [^1]: [Colorado SB 25-079, enrolled act](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_079_enr.pdf) — Colorado General Assembly; Sections 1–5; kiosk operator and customer definitions, transaction limits, fraud refunds; section 6 effective date January 1, 2026. Accessed 2026-09-28. [^2]: [SB 25-079 bill status](https://leg.colorado.gov/bills/sb25-079) — Colorado General Assembly; Enacted bill summary and final history; confirms the kiosk-only scope, first-transaction foreign-wallet fraud refund conditions, customer notice/proof, and daily transaction limits; signed June 2, 2025, effective January 1, 2026 absent referendum. Accessed 2026-09-28. [^3]: [Colorado Division of Insurance](https://doi.colorado.gov/) — Colorado Department of Regulatory Agencies; Official insurance regulator homepage; DOI oversight and consumer resources. Accessed 2026-09-28. [^4]: [DORA Online Services](https://apps2.colorado.gov/dora/licensing/default.aspx) — Colorado Department of Regulatory Agencies; Official DORA online services portal; select Online License Verification and insurance profession. Accessed 2026-09-28. [^5]: [File a Complaint](https://doi.colorado.gov/for-consumers/file-complaint) — Colorado Division of Insurance; Official form and instructions for insurance complaints. Accessed 2026-09-28. [^6]: [HB23-1111: Unauthorized Insurance Premium Tax Rate](https://www.leg.colorado.gov/bills/HB23-1111) — Colorado General Assembly; Enacted bill harmonizes unauthorized insurance tax rate at 3%, effective January 1, 2024; parity with surplus-lines rate. Accessed 2026-09-28. [^7]: [Frequently Asked Questions](https://colosla.org/about/faq) — Surplus Lines Association of Colorado; FAQ: Colorado home-state tax; fee charged by insurer or broker in connection with placement included in premium base; qualifying federal/other-state taxes and examination fees excluded; commercial exempt policyholder due-diligence exception. Accessed 2026-09-28. [^8]: [Colorado Revised Statutes, Title 10 (2024)](https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-10.pdf) — Colorado General Assembly, Office of Legislative Legal Services; C.R.S. § 10-5-111.5, surplus-lines premium tax and home-state application. Accessed 2026-09-28. [^9]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^10]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535.. Accessed 2026-09-22. [^11]: [Insurance Producer Licenses](https://www.corgi.insure/broker-licenses) — Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown.. Accessed 2026-09-28. [^12]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-insurance) — Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16. [^13]: [Licenses](https://www.nextinsurance.com/insurance-licenses/) — ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885.. Accessed 2026-09-28. [^14]: [About Risklytics](https://www.risklytics.ai/about/) — Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16. [^15]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number.. Accessed 2026-09-28. [^16]: [Licenses](https://www.vouch.us/legal/licenses) — Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict.. Accessed 2026-09-15. Updated 2026-09-28. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). To suggest a correction, [contact Spot](/contact) with a supporting source. ## Agent and Developer Resources - [Markdown page](https://spot.insure/coverage/digital-assets/colorado.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)