Bill Summary for Bill Number HB10-1227

Date: 02/23/2010

Final
BILL SUMMARY for HB10-1227

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View-->	Action Taken:
Moved amendment L.005 (Attachment A). The motion Moved to refer House Bill 10-1227, as amended, to	Pass Without Objection PASS

10:05 AM -- House Bill 10-1227

Representative DelGrosso, prime sponsor, presented House Bill 10-1227 concerning compliance with financial responsibility requirements of the "Health Care Availability Act" by maintaining insurance through approved nonadmitted insurers authorized by law to insure in Colorado. This bill allows approved nonadmitted (not licensed in Colorado) insurers to sell professional liability insurance coverage to physicians, dentists, and health care institutions who are unable to secure coverage from admitted (licensed) insurers. This coverage must meet the minimum financial responsibility requirements for an individual or institution to be licensed or authorized to practice health and dental care in Colorado. Representative Soper asked the sponsor whether these companies are American companies. Representative DelGrosso responded.

10:10 AM -- Robert Ferm, representing the American Insurance Association and the Surplus Lines Association, testified in support of the bill. He explained the meaning of surplus lines of insurance.

10:14 AM -- Richard Thomas, representing Adco General Corporation, testified in support of the bill. He talked about the surplus lines market and said the bill clarifies what is currently happening. Representative Soper asked whether these companies are American companies. Mr. Thomas stated that a majority of these companies are American. Representative Rice asked for clarification on why the bill is necessary. Mr. Ferm explained the problem the bill is attempting to address.


BILL:	HB10-1227
TIME:	10:20:28 AM
MOVED:	Balmer
MOTION:	Moved amendment L.005 (Attachment A). The motion passed without objection.
SECONDED:	Middleton
		VOTE
	Balmer
	Bradford
	Casso
	Kerr A.
	Liston	Excused
	Middleton
	Priola
	Soper
	Stephens
	Gagliardi
	Rice

Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection

10:22 AM

Representative DelGrosso gave some closing comments on the bill.


BILL:	HB10-1227
TIME:	10:22:58 AM
MOVED:	Balmer
MOTION:	Moved to refer House Bill 10-1227, as amended, to the Committee of the Whole. The motion passed 10-0.
SECONDED:	Priola
		VOTE
	Balmer	Yes
	Bradford	Yes
	Casso	Yes
	Kerr A.	Yes
	Liston	Excused
	Middleton	Yes
	Priola	Yes
	Soper	Yes
	Stephens	Yes
	Gagliardi	Yes
	Rice	Yes

Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS