First Regular Session
Sixty-first General Assembly
LLS NO. 970839.01D EBD
HOUSE BILL 971360
STATE OF COLORADO
BY REPRESENTATIVE Schauer;
also SENATOR Schroeder.
BUSINESS AFFAIRS & LABOR
A BILL FOR AN ACT
CONCERNING CHANGES TO SUNSET DATES FOR THE PURPOSE
OF CONTINUING OF THE DIVISION OF INSURANCE UNTIL JULY 1, 2002.
(Note: This summary applies to this bill as introduced
and does not necessarily reflect any amendments which may be subsequently
Changes the sunset date for the division of insurance
from July 1, 1997, to July 1, 2002.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. 2434104 (26) (b) and (31.5), Colorado Revised Statutes, 1988 Repl. Vol., as amended, are amended to read:
2434104. General assembly
review of regulatory agencies and functions for termination, continuation,
or reestablishment. (26) (b)
following division in the department of regulatory agencies shall
terminate July 1, 1997: The division of insurance, created by
sections 101103 and 101104, C.R.S.
(31.5) The following agencies, functions, or both, shall terminate on July 1, 2002:
(a) The recordkeeping functions of the department of human services relating to controlled substances in accordance with part 3 of article 22 of title 12, C.R.S.;
(b) THE DIVISION OF INSURANCE, CREATED BY SECTIONS 101103 AND 101104, C.R.S.
SECTION 2. 101103 (6) (b), Colorado Revised Statutes, 1994 Repl. Vol., is amended to read:
101103. Division of insurance
subject to termination repeal of article.
(6) (b) This article is repealed, effective July
2002. Prior to such repeal, the division of insurance shall
be reviewed as provided for in section 2434104, C.R.S.
SECTION 3. Safety clause. The general assembly hereby finds, determines, and declares that this act is necessary for the immediate preservation of the public peace, health, and safety.