Date: 04/16/2009

Final
Confirmation of Pinnacol Assurance Board of Directors

SENATE COMMITTEE ON HEALTH AND HUMAN SERVICES

Votes: View--> Action Taken:
Refer the appointments of Paul Pettinger and RoberPASS


01:38 PM

Paul Pettinger and Robert John "R.J." Jolly, Governor's appointees to the Pinnacol Assurance Board of Directors, discussed their backgrounds and interest in serving on the board. Copies of their appointment letters and resumes were distributed to the committee (Attachment A). The appointees responded to questions from the committee regarding the fiduciary duties of the board, whether Pinnacol has an obligation to help support the state's General Fund, Pinnacol's budget surplus, benefits for injured workers, the reasons for the accumulation of Pinnacol's surplus, the steps Pinnacol is taking to reduce the surplus, protections for injured workers in Colorado, customer service surveys of injured workers, the expansion of Pinnacol into other lines of insurance, whether the state has any interest in Pinnacol's reserves, the role of the State Auditor with regarding to Pinnacol, a possible sale of Pinnacol, and bonuses for employees of Pinnacol.

(Attachment A can be viewed at State Archives)
BILL:Conf 09-Pinnacol Assurance Board of Directors
TIME: 02:45:40 PM
MOVED:Tochtrop
MOTION:Refer the appointments of Paul Pettinger and Robert John "R.J." Jolly to the Pinnacol Assurance Board of Directors to the full Senate. The motion passed on a 7-0 roll call vote, with one member excused.
SECONDED:
VOTE
Carroll M.
Yes
Lundberg
Yes
Mitchell
Yes
Morse
Excused
Newell
Yes
Schultheis
Yes
Tochtrop
Yes
Boyd
Yes
Final YES: 7 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS