65D3ECF4683D5B4F8725882F007B6D34 Hearing Summary

The committee took a brief recess.

The committee returned to order. Representative Weissman, prime sponsor, presented House Bill 22-1357. The bill requires the Commissioner of Insurance to approve rate increases for private passenger motor vehicle and homeowner’s insurance prior to insurers using the rates. He distributed a fact sheet about the bill (Attachment D). He responded to questions from the committee.

The committee continued to discuss the bill with Representative Weissman.

Sarah Staron, representing Young Invincibles, testified in support of the bill. Mayor Ashley Stolzmann, representing City of Louisville, testified in support of the bill. The witnesses responded to questions from the committee.

The committee continued to question the witnesses.

Kevin Vick, representing the Colorado Education Association, testified in support of the bill.

Carole Walker, representing the Rocky Mountain Insurance Association, testified in opposition to the bill. Mrs. Kelly Campbell, representing the American Property Casualty Insurance Association, testified in opposition to the bill. Mr. Paul Martin, representing the Reinsurance Association of America, testified in opposition to the bill. The witnesses responded to questions from the committee.

The committee continued to discuss the bill with the witness panel.

Commissioner of Insurance Michael Conway, representing the Division of Insurance, was available to answer committee questions.

Representative Weissman wrapped up his presentation of the bill and asked for a favorable recommendation.

Members of the committee made closing comments.