Bill Summary for Bill Number HB14-1344

Date: 04/08/2014

Final
BILL SUMMARY for HB14-1344

HOUSE COMMITTEE ON BUSINESS, LABOR, ECONOMIC, & WORKFORCE DEVELOPMENT

Votes: View-->	Action Taken:
Adopt amendment L.001. The motion passed without o Refer House Bill 14-1344, as amended, to the Commi	Pass Without Objection PASS

01:44 PM -- HB 14-1344

Representative Williams, chair, called the meeting to order. A quorum was present. Representative Rosenthal presented House Bill 14-1344, concerning the use of electronic means to document transactions related to the business of insurance. The bill allows an insurance company to provide its policyholders with policy-related documents electronically with policyholder consent. A policyholder may withdraw consent at any time, which reinstates the insurance company's obligation to provide the documents in hard copy. Standard property and casualty insurance policies and endorsements may be posted on an insurance company's website if:

the documents do not contain personally identifiable information;

policyholders are given reliable and current information on how the documents may be accessed; and

policyholders can access the documents using widely available, no-cost programs or applications.

Representative Rosenthal explained that this bill represented an "opt-in" paperless initiative. He responded to questions from the committee about the type of notices that were included in the bill.

The following individual testified on the bill:

01:48 PM -- Kelly Campbell, representing Property Casualty Insurers Association of America (PCI), testified in support of the bill. Ms. Campbell stated that PCI sees this as a modernization bill. Ms. Campbell provided an overview of the two sections of the bill: 1) electronic delivery of documents, and 2) Internet posting of standard insurance provisions. Ms. Campbell responded to questions from the committee about privacy concerns.

01:58 PM

Representative Rosenthal distributed and discussed Amendment L.001 (Attachment A). He stated that the amendment removes fees and makes the bill general to insurance companies. He responded to questions about stakeholder support for the amendment's removal of "property and casualty."

140408 AttachA.pdf


BILL:	HB14-1344
TIME:	02:00:58 PM
MOVED:	Rosenthal
MOTION:	Adopt amendment L.001. The motion passed without objection.
SECONDED:	Holbert
		VOTE
	Exum
	Hamner
	Holbert
	Navarro
	Nordberg
	Rosenthal
	Ryden
	Szabo
	Wright
	Kraft-Tharp
	Williams

YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

02:07 PM

Representative Rosenthal stated that the bill was a win for the insurance industry, for the insurance consumer, and for the environment.


BILL:	HB14-1344
TIME:	02:08:05 PM
MOVED:	Rosenthal
MOTION:	Refer House Bill 14-1344, as amended, to the Committee of the Whole. The motion passed on a vote of 11-0.
SECONDED:	Kraft-Tharp
		VOTE
	Exum	Yes
	Hamner	Yes
	Holbert	Yes
	Navarro	Yes
	Nordberg	Yes
	Rosenthal	Yes
	Ryden	Yes
	Szabo	Yes
	Wright	Yes
	Kraft-Tharp	Yes
	Williams	Yes

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

02:09 PM

The committee adjourned.