C.R.S. § 8-67-111

(1) Benefits paid under this article 67 are treated as benefits paid by an insurer or self-insured employer under articles 40 to 47 of this title 8. (2) A person having a single claim against multiple employers is not entitled to receive benefits unless each of the liable employers is uninsured. (3) When paying benefits, the board is entitled to claim any reduction of benefits, to claim overpayments, or to make any other adjustments allowed under articles 40 to 47 of this title 8. (4) Benefits awarded under this article 67 must be reduced by any benefits paid by the uninsured employer.