h_bus_2016a_2016-01-26t13:31:13z2 Hearing Summary
Date: 01/26/2016
Final
BILL SUMMARY for HB16-1025
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
| Votes: View--> | Action Taken: |
| Refer House Bill 16-1025 to the Committee of the W | PASS |
02:19 PM -- HB 16-1025
Representative Arndt, sponsor, introduced House Bill 16-1025. Multiple insurance companies that are owned or controlled by one entity are considered a group. This bill expands the definition of "renewal" or "to renew" when used with an automobile insurance policy, to clarify that a policy that replaces an expired policy, may be issued by another admitted company within the same insurance group, rather than the issuer of the original policy.
02:22 PM -- Dan Jablan, Farmers Insurance and the Property Casualty Insurers Association of America (PCIAA), testified in support of the bill. Mr. Jablan responded to questions from the committee.
02:25 PM -- Stephanie Paswaters and Bobbie Baca, Colorado Division of Insurance, responded to questions from the committee.
02:28 PM
Mr. Jablan, Ms. Paswaters, and Ms. Baca continued to respond to questions from the committee.
02:29 PM
Representative Arndt made closing comments.
| BILL: | HB16-1025 | |
| TIME: | 02:30:06 PM | |
| MOVED: | Kraft-Tharp | |
| MOTION: | Refer House Bill 16-1025 to the Committee of the Whole. The motion passed on a vote of 12-0. | |
| SECONDED: | Garnett | |
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VOTE
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Arndt
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Yes
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Garnett
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Yes
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Navarro
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Yes
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Nordberg
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Yes
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Pabon
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Yes
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Rosenthal
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Excused
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Roupe
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Yes
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Sias
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Yes
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Thurlow
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Yes
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Winter
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Yes
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Wist
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Yes
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Kraft-Tharp
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Yes
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Williams
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Yes
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Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS
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