Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

3B0F53131D2C5EE587258686007E69D2 Hearing Summary


Date Feb 24, 2021      
Location HCR 0112

HB21-1063 - Referred to the Committee of the Whole

04:09:20 PM  

Representative Lontine, bill sponsor, introduced HB21-1063. This bill updates the Credit for Reinsurance Model Act in Colorado insurance law to be consistent with the laws of other states.  The bill specifies the conditions under which a credit is allowed when reinsurance is ceded to an assuming insurer and requires the Commissioner of Insurance in the Department of Regulatory Agencies to create and publish a list of reciprocal jurisdictions and assuming insurers.  


Submitted written testimony on the bill can be found in Attachment G.

04:14:00 PM  

Michael Conway, Commissioner of Insurance, testified in support of the bill.

04:16:43 PM  

Representative Lontine provided closing remarks on the bill.

04:18:39 PM
Motion Refer House Bill 21-1063 to the Committee of the Whole.
Moved Lontine
Seconded Caraveo
Baisley No
Hanks Yes
Jackson Yes
Kennedy Yes
McCormick Yes
Mullica Yes
Ortiz Yes
Soper Excused
Titone Excused
Van Beber Yes
Williams D. Yes
Caraveo Yes
Lontine Yes
Final YES: 10   NO: 1   EXC: 2   ABS:  0   FINAL ACTION:  PASS

Email addresses for the Colorado legislature have changed from the domain to the domain on December 1, 2022. Details