Bill Summary for Bill Number HB10-1220

Date: 02/16/2010

Final
BILL SUMMARY for HB10-1220

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View-->	Action Taken:
Moved amendment L.001 (Attachment A). The motion Moved amendment L.002 (Attachment B). The motion Moved amendment L.003 (Attachment C). The motion Moved to refer House Bill 10-1220, as amended, to	Pass Without Objection Pass Without Objection Pass Without Objection PASS

01:15 PM -- House Bill 10-1220

Representative Priola, prime sponsor, presented House Bill 10-1220 concerning the sunset review of the functions of the Division of Insurance related to the regulation of specified lines of insurance, and, in connection therewith, continuing the functions of the division related to the regulation of property and casualty, automobile, and other insurers that do not offer health, life, property, casualty, or automobile insurance through July 1, 2017; consolidating the sunset review of all functions of the Division of Insurance other than those related to the licensing of bail bonding agents; and implementing other recommendations contained in the sunset report. This bill implements the recommendations of the sunset review by the Department of Regulatory Agencies to continue the Division of Insurance's regulation of property and casualty insurance. The bill does the following:

consolidates the sunset review schedule of the entire division, except for the licensing of bonding agents, to July 1, 2017;
adds certain acts, practices, and omissions as either unfair or deceptive acts or practices, or as unfair discrimination in the business of insurance;
allows the commissioner to make insurer self-audits and division analyses of insurers public;
requires the commissioner to examine licensed preneed funeral contract sellers at least once every 5 years;
repeals references to the medical malpractice and commercial liability insurance joint underwriting associations that no longer exist; and
repeals obsolete provisions of law related to Pinnacol Assurance.

Amendments L.001 and L.002 were distributed to the committee (Attachments A and B, respectively).

01:18 PM -- Saul Larsen, representing the Department of Regulatory Agencies (DORA), was available for questions regarding the Sunset Report.

01:19 PM -- Chris Lines, representing DORA, commented on the fiscal note.

01:21 PM

Representative Balmer distributed and explained Amendment L.003 (Attachment C).

01:22 PM -- Greg Romberg, representing the Colorado Press Association, testified on the legal notice publication provision in the bill and commented on Amendment L.003. He said the amendment would remove section six of the bill and restore current law regarding the publication issue. Representative Liston asked some questions regarding the public notice and who is responsible for paying for the publication.

01:25 PM -- Kelly Campbell, representing the Property and Casualty Insurers Association, testified in support of the bill. She talked about the association and asked the committee to consider adopting Amendment L.001.


BILL:	HB10-1220
TIME:	01:28:10 PM
MOVED:	Rice
MOTION:	Moved amendment L.001 (Attachment A). The motion passed without objection.
SECONDED:	Stephens
		VOTE
	Balmer
	Bradford
	Casso
	Kerr A.
	Liston
	Middleton
	Priola
	Soper
	Stephens
	Gagliardi
	Rice

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


BILL:	HB10-1220
TIME:	01:28:55 PM
MOVED:	Priola
MOTION:	Moved amendment L.002 (Attachment B). The motion passed without objection.
SECONDED:	Casso
		VOTE
	Balmer
	Bradford
	Casso
	Kerr A.
	Liston
	Middleton
	Priola
	Soper
	Stephens
	Gagliardi
	Rice

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


BILL:	HB10-1220
TIME:	01:29:31 PM
MOVED:	Balmer
MOTION:	Moved amendment L.003 (Attachment C). The motion passed without objection.
SECONDED:	Rice
		VOTE
	Balmer
	Bradford
	Casso
	Kerr A.
	Liston
	Middleton
	Priola
	Soper
	Stephens
	Gagliardi
	Rice

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


BILL:	HB10-1220
TIME:	01:30:27 PM
MOVED:	Priola
MOTION:	Moved to refer House Bill 10-1220, as amended, to the Committee on Finance. The motion passed 11-0.
SECONDED:	Stephens
		VOTE
	Balmer	Yes
	Bradford	Yes
	Casso	Yes
	Kerr A.	Yes
	Liston	Yes
	Middleton	Yes
	Priola	Yes
	Soper	Yes
	Stephens	Yes
	Gagliardi	Yes
	Rice	Yes

Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS