Location: SCR 354
Final
BILL SUMMARY for SB17-274
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
BILL SUMMARY for SB17-274
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
| Votes: View--> | Action Taken: |
| Refer Senate Bill 17-274 to the Committee of the W | PASS |
02:04 PM -- SB 17-274
Senator Holbert introduced Senate Bill 17-274, concerning an authorization for nonadmitted insurers to offer disability insurance as a type of surplus lines insurance. The bill allows nonadmitted insurers to offer disability insurance as a type of surplus lines insurance. The bill defines disability insurance as insurance that is in excess of policy limits available under a policy issued by an admitted insurer, provides income replacement to an insured who becomes disabled while covered by the policy, and does not provide coverage for the diagnosis or treatment of an insured person's disability.
02:08 PM -- Thomas Peterson, Peterson International Underwriters, spoke in favor of the bill. He responded to questions from the committee.
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| BILL: | SB17-274 | |
| TIME: | 02:20:43 PM | |
| MOVED: | Neville T. | |
| MOTION: | Refer Senate Bill 17-274 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0. | |
| SECONDED: | |
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VOTE |
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Jahn |
Yes |
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Kefalas |
Yes |
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Priola |
Excused |
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Smallwood |
Yes |
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Williams A. |
Excused |
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Neville T. |
Yes |
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Tate |
Yes |
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Final YES: 5 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS
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