Bill Summary for Bill Number SB15-210

Date: 04/22/2015

Final
BILL SUMMARY for SB15-210

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY

Votes: View-->

Action Taken:

Adopt amendment L.002 (Attachment D). The motion p
Adopt amendment L.003 (Attachment E). The motion p
Adopt amendment L.004 (Attachment F). The motion p
Adopt amendment L.005 (Attachment G). The motion p
Adopt amendment L.006 (Attachment H). The motion p
Adopt amendment L.007 (Attachment I). The motion p
Adopt amendment L.008 (Attachment J). The motion f
Adopt amendment L.009 (Attachment K). The motion f
Adopt conceptual amendment to page 7, line 8. Stri
Refer Senate Bill 15-210, as amended, to the Commi

Pass Without Objection
Pass Without Objection
Pass Without Objection
Pass Without Objection
Pass Without Objection
Pass Without Objection
FAIL
FAIL
FAIL
PASS

03:58 PM -- SB 15-210

Senator Woods introduced Senate Bill 15-210, concerning the Title Insurance Commission. The bill creates the Title Insurance Commission in the Division of Insurance as a type 1 agency for the purposes of:

proposing, advising, and recommending rules, subject to approval by the Commissioner of Insurance, for the implementation and administration of the business of title insurance;
proposing, advising, and recommending bulletins and position statements concerning any title insurance related subject for issuance by the commissioner;
conducting administrative hearings related to the licensing of applicants, the conduct of a title licensee, continuing education program approval, and to advise the commissioner;
recommending disciplinary actions following the investigation of a complaint by the commissioner; and
proposing rules to the commissioner for establishing a licensing examination.

Senator Woods provided Amendments L.002, L.003, L.004, L.005, L.006, and L.007 (Attachments D, E, F, G, H, and I) to the committee.

150422 AttachI.pdf

04:01 PM -- Doug Marion, representing himself, spoke in support of the bill.

04:08 PM -- David Schmidt, representing himself, spoke in support of the bill.

04:12 PM -- Garry Wolff, representing himself, spoke in support of the bill. He responded to questions from the committee.

04:26 PM -- Margaret Cook, Land Title Association of Colorado, spoke in support of the bill.

04:30 PM -- Tim Killcoyne, representing himself, spoke in opposition to the bill. He responded to questions from the committee.

04:46 PM -- Robert Howe, Title Company of the Rockies, spoke in support of the bill. He addressed questions raised in previous testimony.

04:54 PM -- Richard Jones, representing himself, spoke in support of the bill.

04:58 PM -- Diane Evans, Land Title Guarantee Company, spoke in support of the bill.

05:02 PM -- Peg Brown, Deputy Insurance Commissioner, indicated the Division of Insurance supports amendments to the bill but is neutral on the bill itself. She responded to questions from the committee.


BILL:	SB15-210
TIME:	05:06:17 PM
MOVED:	Woods
MOTION:	Adopt amendment L.002 (Attachment D). The motion passed without objection.
SECONDED:
		VOTE
	Aguilar
	Baumgardner
	Heath
	Jahn
	Neville T.
	Newell
	Woods
	Holbert
	Balmer

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


BILL:	SB15-210
TIME:	05:09:21 PM
MOVED:	Woods
MOTION:	Adopt amendment L.003 (Attachment E). The motion passed without objection.
SECONDED:
		VOTE
	Aguilar
	Baumgardner
	Heath
	Jahn
	Neville T.
	Newell
	Woods
	Holbert
	Balmer

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


BILL:	SB15-210
TIME:	05:09:54 PM
MOVED:	Woods
MOTION:	Adopt amendment L.004 (Attachment F). The motion passed without objection.
SECONDED:
		VOTE
	Aguilar
	Baumgardner
	Heath
	Jahn
	Neville T.
	Newell
	Woods
	Holbert
	Balmer

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


BILL:	SB15-210
TIME:	05:10:16 PM
MOVED:	Woods
MOTION:	Adopt amendment L.005 (Attachment G). The motion passed without objection.
SECONDED:
		VOTE
	Aguilar
	Baumgardner
	Heath
	Jahn
	Neville T.
	Newell
	Woods
	Holbert
	Balmer

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


BILL:	SB15-210
TIME:	05:10:34 PM
MOVED:	Woods
MOTION:	Adopt amendment L.006 (Attachment H). The motion passed without objection.
SECONDED:
		VOTE
	Aguilar
	Baumgardner
	Heath
	Jahn
	Neville T.
	Newell
	Woods
	Holbert
	Balmer

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


BILL:	SB15-210
TIME:	05:10:52 PM
MOVED:	Woods
MOTION:	Adopt amendment L.007 (Attachment I). The motion passed without objection.
SECONDED:
		VOTE
	Aguilar
	Baumgardner
	Heath
	Jahn
	Neville T.
	Newell
	Woods
	Holbert
	Balmer

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

05:13 PM

Senator Health offered amendments L.008 and L.009 (Attachments J and K). Committee discussion ensued.


BILL:	SB15-210
TIME:	05:14:46 PM
MOVED:	Heath
MOTION:	Adopt amendment L.008 (Attachment J). The motion failed on a vote of 4-5.
SECONDED:
		VOTE
	Aguilar	Yes
	Baumgardner	No
	Heath	Yes
	Jahn	Yes
	Neville T.	No
	Newell	Yes
	Woods	No
	Holbert	No
	Balmer	No

YES: 4 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: FAIL

150422 AttachJ.pdf


BILL:	SB15-210
TIME:	05:16:21 PM
MOVED:	Heath
MOTION:	Adopt amendment L.009 (Attachment K). The motion failed on a vote of 4-5.
SECONDED:
		VOTE
	Aguilar	Yes
	Baumgardner	No
	Heath	Yes
	Jahn	Yes
	Neville T.	No
	Newell	Yes
	Woods	No
	Holbert	No
	Balmer	No

YES: 4 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: FAIL

150422 AttachK.pdf


BILL:	SB15-210
TIME:	05:19:58 PM
MOVED:	Newell
MOTION:	Adopt conceptual amendment to page 7, line 8. Strike "shall" and substitute "may". The motion failed on a vote of 4-5.
SECONDED:
		VOTE
	Aguilar	Yes
	Baumgardner	No
	Heath	Yes
	Jahn	Yes
	Neville T.	No
	Newell	Yes
	Woods	No
	Holbert	No
	Balmer	No

YES: 4 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL:	SB15-210
TIME:	05:22:40 PM
MOVED:	Woods
MOTION:	Refer Senate Bill 15-210, as amended, to the Committee on Finance. The motion passed on a vote of 8-1.
SECONDED:
		VOTE
	Aguilar	Yes
	Baumgardner	Yes
	Heath	No
	Jahn	Yes
	Neville T.	Yes
	Newell	Yes
	Woods	Yes
	Holbert	Yes
	Balmer	Yes

Final YES: 8 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS