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h_bus_2018a_2018-03-08t13:31:55z2 Hearing Summary




PUBLIC
BILL SUMMARY For SB18-125

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
Date Mar 8, 2018      
Location LSB A



SB18-125 - Referred to the Committee of the Whole


01:57:43 PM  

Rep. Lee introduced Senate Bill 18-125. This bill requires title insurance companies and agents to hold funds belonging to others in a fiduciary capacity and the Commissioner of Insurance to promulgate rules to that effect.  A violation of this provision is an unfair or deceptive act.  He responded to questions from the committee.

02:01:05 PM  
Peg Brown, Colorado Division of Insurance, responded to questions from the committee.


02:05:11 PM
Motion Refer Senate Bill 18-125 to the Committee of the Whole.
Moved Gray
Seconded Winter
Arndt Yes
Coleman Yes
Garnett Yes
Gray Yes
Liston Yes
Rosenthal Yes
Sandridge Yes
Sias Yes
Thurlow Yes
Van Winkle Excused
Williams D. Excused
Winter Yes
Kraft-Tharp Yes
Final YES: 11   NO: 0   EXC: 2   ABS:  0   FINAL ACTION:  PASS