Bill Summary for Bill Number HB06-1330

Date: 03/23/2006

Final
BILL SUMMARY for HB06-1330

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Moved a conceptual amendment to strike the legisla Refer House Bill 06-1330, as amended, to the Commi	Pass Without Objection PASS

10:21 AM -- House Bill 06-1330 - Concerning Information Filed with the Division of Insurance by Insurers

Representative Romanoff, prime sponsor, explained the provisions of the bill. Representative Romanoff explained that House Bill 06-1330, as amended by the House Business Affairs and Labor Committee, requires all property and casualty insurers offering policies in the state to submit certain information related to their Colorado line of business. In addition, insurers must specify the states from which experiences were drawn in setting Colorado premium rates.

The following person testified:

10:24 AM -- Ms. Tambor Williams, Department of Regulatory Agencies, testified in support of the legislation but said that there is a conflict in the legislative declaration. Language in the legislative declaration implies that citizens have a role in determining whether rate increases or decreases are excessive or inadequate. Ms. Williams pointed out that under current law, the Insurance Commissioner has this role and asked the committee to strike the legislative declaration to remove the conflict in the bill. After a brief committee discussion, Representative Marshall moved a conceptual amendment to strike the legislative declaration.


BILL:	HB06-1330
TIME:	10:30:29 AM
MOVED:	Marshall
MOTION:	Moved a conceptual amendment to strike the legislative declaration (Amend the Business Affairs and Labor Committee Report, dated March 22, 2006, page 1, strike lines 3 through 11. Renumber succeeding sections accordingly. Page 1 of the committee report, line 12, strike "SECTION" and substitute ""SECTION".). The motion passed without objection by those members present.
SECONDED:	McCluskey
		VOTE
	Benefield
	Cloer
	Crane
	Frangas
	Garcia
	Harvey
	Jahn
	Kerr
	Marshall
	Massey
	McCluskey
	Judd
	Vigil
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB06-1330
TIME:	10:31:01 AM
MOVED:	Judd
MOTION:	Refer House Bill 06-1330, as amended, to the Committee on Appropriations. The motion passed on a 12-1-0 vote.
SECONDED:	Garcia
		VOTE
	Benefield	Yes
	Cloer	Yes
	Crane	Yes
	Frangas	Yes
	Garcia	Yes
	Harvey	Yes
	Jahn	Yes
	Kerr	Yes
	Marshall	Yes
	Massey	Yes
	McCluskey	No
	Judd	Yes
	Vigil	Yes
Final YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS