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Colorado residents could see lower insurance premiums in the future if state Treasurer Mike Coffman has his way.
Coffman says he'll propose a bill in the 2004 legislative session to eliminate the Certified Capital Company, or CAPCO, program.
The program is designed to send 200 (m) million dollars in state tax credits to insurance companies in exchange for economic development efforts.
But Coffman says the program is so flawed that the only viable solution is to eliminate it completely.
Coffman wants the money used for the program to go toward cutting insurance premium taxes.
He says he hopes that will result in lower overall premiums.