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h_fin_2017a_2017-02-15t11:23:21z0 Hearing Summary

Date: 02/15/2017

Location: LSB A

Final

BILL SUMMARY for HB17-1093



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer House Bill 17-1093 to the Committee of the W PASS







11:23 AM -- HB17-1093



The committee was called to order. A quorum was present. Representative Ransom, prime sponsor, presented House Bill 17-1093, which increases the exemption for the cash surrender value of a life insurance policy from $100,000 to $250,000. Representative Ransom responded to questions from the committee. Committee members received a list of state laws related to the cash surrender value of life insurance policies (Attachment A).



17HouseFin0215AttachA.pdf17HouseFin0215AttachA.pdf



11:29 AM --
Mr. Bill Hall, representing the life insurance industry , testified in support of the bill. Mr. Hall responded to questions and comments from the committee.



11:36 AM --
Mr. Phil Ross, representing himself, testified in support of the bill.





11:40 AM



Representative Ransom made closing remarks on the bill.

BILL: HB17-1093
TIME: 11:41:10 AM
MOVED: Van Winkle
MOTION: Refer House Bill 17-1093 to the Committee of the Whole. The motion passed on a vote of 13-0.
SECONDED: Michaelson Jenet
VOTE
Beckman
Yes
Benavidez
Yes
Catlin
Yes
Covarrubias
Yes
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Yes
Foote
Yes
Pabon
Yes
Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS