One of RMI’s functions is to purchase insurance in order to finance CSU’s insurable risk. CSU opted out of State Risk Management in 2004 and 2005. C.R.S. 24-30-1502(5)(b) and 24-30-1503.5. From time to time, analysis of an exposure to risk reveals a potential for loss to the University that cannot be reasonably reduced or otherwise avoided. It may be necessary in such cases for the University to consider purchasing additional insurance coverages for those exposures. The Office of Risk Management and Insurance may purchase additional coverages, and depending on need, premiums (in whole or in part) may be paid from funds of requesting departments. For more information please contact us.
All questions of a legal nature should be addressed to the Office of General Counsel at 970-491-6270.