s_sa_2017a_2017-05-04t10:40:16z10 Hearing Summary

Date: 05/04/2017

Location: SCR 352

01:01 PM -- HB17-1231



The committee recessed.





01:17 PM



The committee reconvened.



Senator Smallwood, co-prime sponsor, presented House Bill 17-1231 to the committee. This bill reorganizes and relocates statutes related to financial examinations and market conduct examinations of insurance companies into separate parts of Title 10 of the Colorado Revised Statutes and makes conforming amendments.



01:19 PM -- Julie Mowry, representing State Farm Insurance, testified in support of the bill.



01:20 PM -- Rob Southey, representing Bankers Insurance Company, testified against the bill.



01:27 PM -- Peg Brown, representing the Division of Insurance, testified in support of the bill.



01:30 PM -- Damion Hughes, representing the Division of Insurance, testified in support of the bill.





01:30 PM



Ms. Brown and Mr. Hughes responded to committee member questions.





01:47 PM



Senator Smallwood further discussed the bill. The bill was laid over for action only on May 8, 2017.