E07CBAA5DF22F41887258C52005F1A71 Hearing Summary

PUBLIC
BILL SUMMARY For SB25-058

HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date Mar 19, 2025
Location HCR 0112

SB25-058 - Amended, referred to the Committee of the Whole

Attachment Tag

File Name

Attachment A

SB058_L.004.pdf

11:16:31 AM

Representatives Rydin
and Gonzalez, co-prime sponsors, presented Senate Bill 25-058: Insurance
Rebate Reform Model Act. The bill allows insurance companies to offer discounted
and promotional prices.

11:19:02 AM

Ms. Melissa Young,
representing American Council of Life Insurers, testified in support of
the bill. Dan Jablan, representing Rocky Mountain Insurance Association,
testified in support of the bill. Jill Mullen, representing Colorado Division
of Insurance, was available to answer committee questions.

The panel answered
questions from members of the committee.

11:25:15 AM

Representative Rydin
explained Amendment L004 (Attachment A).

11:27:02 AM	Motion	Adopt amendment L.004
	Moved	Rydin
	Seconded	Brooks

	Armagost
	Brooks
	English
	Keltie
	Lieder
	Lindstedt
	Marshall
	Mauro
	Richardson
	Rydin
	Suckla
	Woodrow	Excused
	Ricks
		YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection

11:27:03 AM

The bill sponsors and members of the committee gave closing comments on the bill.

11:29:08 AM	Motion	Refer Senate Bill 25-058, as amended, to the Committee of the Whole.
	Moved	Rydin
	Seconded	Woodrow

	Armagost	Yes
	Brooks	Yes
	English	Yes
	Keltie	Yes
	Lieder	Yes
	Lindstedt	Yes
	Marshall	Yes
	Mauro	Yes
	Richardson	Yes
	Rydin	Yes
	Suckla	Yes
	Woodrow	Yes
	Ricks	Yes
	Final	YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

SB25-058 - Amended, referred to the Committee of the Whole

Colorado General Assembly