F63F35FF9099CBA4872589A4000BCEEC Hearing Summary CLICS/CLICS2023A/commsumm.nsf PUBLICBILL SUMMARY For HB23-1174SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGYDate May 2, 2023 Location Old Supreme Court HB23-1174 - Referred to Senate Appropriations Attachment Tag File Name Attachment B http://www2.leg.state.co.us/CLICS/CLICS2023A/commsumm.nsf/0/49D14DE862BA...$File/Attachment B.pdf?OpenElement Attachment B.pdf 08:09:02 PM Senators Baisley and Roberts introduced House Bill 23-1174, concerning homeowner's insurance underinsurance. The bill specifies what insurers must consider in establishing replacement cost coverage for homeowners, and requires the Division of Insurance to publish an annual report on replacement costs. 08:14:48 PM Mrs. Kelly Campbell, representing the American Property Casualty Insurance Association, testified in a neutral position on the bill. 08:16:04 PM Mr. Dan Jablan, representing Cherry Point Strategies, testified in a neutral position on the bill. 08:16:56 PM Ms. Ashley Stolzmann, representing Boulder County, testified in support of the bill. 08:20:27 PM Commissioner Michael Conway, representing the Colorado Division of Insurance, testified in support of the bill. 08:23:06 PM Commissioner Rich Cimino, representing Counties & Commissioners Acting Together (CCAT), testified in support of the bill. 08:26:47 PM Ms. Wendy Wyss, representing themself, testified in support of the bill. 08:26:48 PM Additional written testimony that was provided to the committee may be found in Attachment B. 08:34:27 PM Senator Baisley made closing comments on the merits of the bill. 08:37:00 PM Motion Refer House Bill 23-1174 to the Committee on Appropriations. Moved Baisley Seconded Baisley Yes Coleman Excused Ginal Yes Hinrichsen Yes Liston Yes Sullivan Yes Will Excused Danielson Yes Rodriguez Excused Final YES: 6 NO: 0 EXC: 3 ABS: 0 FINAL ACTION: PASS