CLICS/CLICS2018A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB18-125
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 14, 2018
Location SCR 354
SB18-125 - Amended, referred to the Committee of the Whole
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02:06:37 PM |
Senator Gardner introduced Senate Bill 18-125, concerning fiduciary duties of title insurance companies. The bill requires title insurance companies and agents to hold funds belonging to others in a fiduciary capacity and requires the Commissioner of Insurance to promulgate rules to that effect.
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02:10:38 PM |
Senator Kagan, co-sponsor, made comments on the origins of the bill.
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02:12:33 PM |
Mike Conway, Commissioner of Insurance, spoke in support of the bill.
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02:13:31 PM |
Senator Gardner distributed and discussed the purpose of Amendment L.002 (Attachment A).
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02:15:00 PM |
Senator Kagan made additional comments regarding the amendment.
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02:16:47 PM |
Mr. Conway responded to questions from the committee.
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02:24:19 PM |
Senator Gardner made comments on the discussion.
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02:28:25 PM
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Motion |
Adopt amendment L.002 |
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| Moved |
Priola |
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| Seconded |
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Jahn |
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Kerr |
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Priola |
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Smallwood |
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Williams A. |
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Neville T. |
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Tate |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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02:29:19 PM
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Motion |
Refer Senate Bill 18-125, as amended, to the Committee of the Whole. |
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| Moved |
Priola |
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| Seconded |
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Jahn |
Yes |
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Kerr |
Yes |
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Priola |
Yes |
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Smallwood |
Yes |
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Williams A. |
Yes |
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Neville T. |
Yes |
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Tate |
Yes |
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Final |
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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