Final
Bill 8
AUTO INSURANCE SYSTEM
Votes:
Action Taken:
Amend amendment L.001, rows 7-13. The conceptual
Moved amendment L.001
Refer Bill 8, as amended, to the Legislative Counc
PASS
PASS
PASS
11:33 AM -- Bill 8
Kris Forrestal of OLLS described the provisions of Bill 8 (Attachment G). The bill establishes a Colorado Consumer Insurance Board to represent the public interest in insurance matters. Rep. Coleman distributed amendment L.001 to the bill (Attachment H), which was described by Kris Forrestal of OLLS. Rep. Cloer and Sen. Viega had questions regarding the amendment to Bill 8. Sen. Tochtrop also had questions regarding the amendment, and Rep. Cloer moved a conceptual amendment to the amendment. Rep. Cloer wanted to clarify in the amendment that indirectly owning stocks through mutual funds should not preclude a person from serving on the board. The committee voted 10-0 to accept Rep. Cloer's conceptual amendment to Rep. Coleman's amendment L.001.
BILL:
Bill 8
TIME:
11:43:37 AM
MOVED:
Cloer
MOTION:
Amend amendment L.001, rows 7-13. The conceptual amendment would clarify that only direct stock holdings will preclude a person from serving on the board. Stocks held via mutual fund ownership would be exempted. The motion passed 10-0.
SECONDED:
Tochtrop
VOTE
Cadman
Yes
Carroll M.
Yes
Cerbo
Yes
Cloer
Yes
Gordon
Yes
McElhany
Yes
Tochtrop
Yes
Wiens
Yes
Veiga
Yes
Coleman
Yes
Not Final
YES:
10
NO:
0
EXC:
0
ABS:
0
FINAL ACTION:
PASS
BILL:
Bill 8
TIME:
11:45:59 AM
MOVED:
Tochtrop
MOTION:
Moved amendment L.001
SECONDED:
Coleman
VOTE
Cadman
No
Carroll M.
Yes
Cerbo
Yes
Cloer
Yes
Gordon
Yes
McElhany
No
Tochtrop
Yes
Wiens
No
Veiga
Yes
Coleman
Yes
Not Final
YES:
7
NO:
3
EXC:
0
ABS:
0
FINAL ACTION:
PASS
The committee voted 7-3 to pass Rep. Coleman's amendment L.001 to Bill 8. However, Sen. Gordon requested that the final vote on Bill 8 lay over until later in the meeting.
02:28 PM -- Bill 8
The committee then returned to discussion of Bill 8, as amended.
BILL:
Bill 8
TIME:
02:29:58 PM
MOVED:
Coleman
MOTION:
Refer Bill 8, as amended, to the Legislative Council for approval. The motion passed 5-4-1.
SECONDED:
Carroll M.
VOTE
Cadman
No
Carroll M.
Yes
Cerbo
Yes
Cloer
No
Gordon
Yes
McElhany
No
Tochtrop
Excused
Wiens
No
Veiga
Yes
Coleman
Yes
Final
YES:
5
NO:
4
EXC:
1
ABS:
0
FINAL ACTION:
PASS