C6D3F0C0206F4D33872582340073F62B Hearing Summary

PUBLIC
BILL SUMMARY For SB18-125

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 14, 2018
Location SCR 354

SB18-125 - Amended, referred to the Committee of the Whole

Attachment Tag

File Name

Attachment A

02:06:37 PM

Senator Gardner introduced Senate Bill 18-125, concerning fiduciary duties of title insurance companies. The bill requires title insurance companies and agents to hold funds belonging to others in a fiduciary capacity and requires the Commissioner of Insurance to promulgate rules to that effect.

02:10:38 PM

Senator Kagan, co-sponsor, made comments on the origins of the bill.

02:12:33 PM

Mike Conway, Commissioner of Insurance, spoke in support of the bill.

02:13:31 PM

Senator Gardner distributed and discussed the purpose of Amendment L.002 (Attachment A).

02:15:00 PM

Senator Kagan made additional comments regarding the amendment.

02:16:47 PM

Mr. Conway responded to questions from the committee.

02:24:19 PM

Senator Gardner made comments on the discussion.

02:28:25 PM	Motion	Adopt amendment L.002
	Moved	Priola
	Seconded

	Jahn
	Kerr
	Priola
	Smallwood
	Williams A.
	Neville T.
	Tate
		YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

02:29:19 PM	Motion	Refer Senate Bill 18-125, as amended, to the Committee of the Whole.
	Moved	Priola
	Seconded

	Jahn	Yes
	Kerr	Yes
	Priola	Yes
	Smallwood	Yes
	Williams A.	Yes
	Neville T.	Yes
	Tate	Yes
	Final	YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

SB18-125 - Amended, referred to the Committee of the Whole

Colorado General Assembly