Date: 02/21/2013
Final
BILL SUMMARY for SB13-032
HOUSE COMMITTEE ON BUSINESS, LABOR, ECONOMIC, & WORKFORCE DEVELOPMENT
| Votes: View--> | Action Taken: |
| Refer Senate Bill 13-032 to the Committee of the W | PASS |
02:41 PM -- Senate Bill 13-032
Representative Williams, prime sponsor, presented Senate Bill 13-032 to the committee. The bill amends the statutes that govern the Life and Health Insurance Protection Association (LHIPA) to more closely match guaranty associations in other states. It is based on a model law developed by the National Association of Insurance Commissioners (NAIC).
The following individuals testified to the committee:
02:44 PM -- Cindy Oliver, representing the LHIPA, spoke in favor of the bill. Ms. Oliver provided information on LHIPA and spoke on the technical changes provided in the bill. Ms. Oliver responded to questions from the committee.
02:50 PM -- Becky Brooks, representing Prudential and Northern American Council of Life Insurance, spoke in favor of the bill.
02:51 PM
Representative Williams made closing comments.
 | |
| BILL: | SB13-032 | |
| TIME: | 02:51:38 PM |
| MOVED: | Williams |
| MOTION: | Refer Senate Bill 13-032 to the Committee of the Whole. The motion passed on a vote of 11-0. |
| SECONDED: | Hamner |
| VOTE |
| DelGrosso | Yes |
| Exum | Yes |
| Hamner | Yes |
| Holbert | Yes |
| Navarro | Yes |
| Nordberg | Yes |
| Rosenthal | Yes |
| Ryden | Yes |
| Szabo | Yes |
| Kraft-Tharp | Yes |
| Williams | Yes |
| | |
YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
02:52 PM
The committee adjourned.