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s_blt_2017a_2017-02-14t10:10:27z6 Hearing Summary

Date: 02/14/2017

Location: SCR 354

Final

BILL SUMMARY for Sunset Review Hearing Division of Insurance



SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY


Votes: View--> Action Taken:
Adopt language to include in the draft bill for th

Introduce draft bill OLLS No. 17-0301, Sunset Divi
Pass Without Objection

PASS







12:02 PM -- Sunset Review Hearing Division of Insurance



The sunset review hearing for the Division of Insurance was held on January 30, 2017. Senator Tate introduced discussion of the proposed bill.



12:05 PM -- Peg Brown, Division of Insurance, discussed a proposed pilot program.


BILL: Sunset Review Hearing Division of Insurance
TIME: 12:09:30 PM
MOVED: Tate
MOTION: Introduce draft bill OLLS No. 17-0301, Sunset Division of Insurance, that would include recommendations 1, 2, 3, 4, and 13. The motion passed on a vote of 7-0.
SECONDED:
VOTE
Jahn
Yes
Kerr
Yes
Priola
Yes
Smallwood
Yes
Williams A.
Yes
Neville T.
Yes
Tate
Yes
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS





12:12 PM



Senator Smallwood discussed recommendation 8, regarding preneed funeral insurance sellers in Colorado. Committee discussion ensued.



12:24 PM --
Peg Brown returned to the table to respond to the committee's discussion. She responded to questions from the committee.


BILL: Sunset Review Hearing Division of Insurance
TIME: 12:29:34 PM
MOVED: Williams A.
MOTION: Adopt language to include in the draft bill for the Division to pursue bringing noncompliant preneed sellers into compliance with state regulations. The motion passed without objection.
SECONDED:
VOTE
Jahn
Kerr
Priola
Smallwood
Williams A.
Neville T.
Tate
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection







12:31 PM



Yelana Love, Office of Legislative Legal Services, came to the table to clarify the request to include a legislative declaration.



12:33 PM --
Peg Brown, Division of Insurance, responded to discussion by the committee.



Senators Williams and Smallwood were assigned joint sponsors.



12:35 PM



The committee adjourned.








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