Bill Summary for Bill Number HB06-1383

Date: 04/05/2006

Final
BILL SUMMARY for HB06-1383

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View-->	Action Taken:
Moved amendment L.001 (Attachment E). The motion Moved amendment L.004 (Attachment F). The motion Moved to refer House Bill 06-1383, as amended, to	Pass Without Objection Pass Without Objection PASS

12:42 PM -- House Bill 06-1383

Representative Jahn, prime sponsor, presented House Bill 06-1383. The bill would establish the "Market Conduct Surveillance Act" and procedures for the commissioner of insurance to perform market conduct examinations of insurance companies doing business in this state to identify, asses, prioritize, and remedy market conduct problems that have a substantial adverse impact on the market.

12:45 PM -- Julie Hoerner, representing the Department of Regulatory Agencies, and Carol O'Bryan, Division of Insurance, testified in support of the bill. There was discussion about the confidentiality provisions in the bill. Ms. Hoerner explained why each of the confidentiality provisions are in the bill. She stated that the purpose of the bill is to create consistency.

12:58 PM

Ms. Hoerner explained why it is necessary to pass this legislation. There was committee discussion about domestic deference.

01:03 PM -- Jerry McDermott, representing the Colorado Trial Lawyers Association, testified in support of the bill. He stated that the association's concerns have been removed from the bill, but they still have some concerns about some ambiguous language that he hopes to work on with the sponsor through the process. Representative Carroll asked if the bill would be necessary if the federal government was not threatening preemptive legislation as it is now.

01:12 PM

Julie Hoerner returned to the table to explain amendment L.001 (Attachment E) and L.004 (Attachment F).


BILL:	HB06-1383
TIME:	01:12:53 PM
MOVED:	Marshall
MOTION:	Moved amendment L.001 (Attachment E). The motion passed without objection.
SECONDED:	McCluskey
		VOTE
	Balmer
	Borodkin
	Butcher
	Carroll M.
	Coleman
	Knoedler
	Liston
	McCluskey
	Paccione
	Penry
	Welker
	Cerbo
	Marshall
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB06-1383
TIME:	01:13:07 PM
MOVED:	Marshall
MOTION:	Moved amendment L.004 (Attachment F). The motion passed without objection.
SECONDED:	Coleman
		VOTE
	Balmer
	Borodkin
	Butcher
	Carroll M.
	Coleman
	Knoedler
	Liston
	McCluskey
	Paccione
	Penry
	Welker
	Cerbo
	Marshall
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB06-1383
TIME:	01:13:32 PM
MOVED:	McCluskey
MOTION:	Moved to refer House Bill 06-1383, as amended, to the Committee of the Whole. The motion passed 10-2.
SECONDED:	Paccione
		VOTE
	Balmer	Yes
	Borodkin	Yes
	Butcher	No
	Carroll M.	No
	Coleman	Yes
	Knoedler	Yes
	Liston	Yes
	McCluskey	Yes
	Paccione	Yes
	Penry	Yes
	Welker	Absent
	Cerbo	Yes
	Marshall	Yes
Final YES: 10 NO: 2 EXC: 0 ABS: 1 FINAL ACTION: PASS