h_tra_2016a_2016-03-16t13:33:58z2 Hearing Summary

Date: 03/16/2016

02:33 PM -- HB 16-1293



Representative Melton introduced House Bill 16-1293. The bill requires automobile insurers to submit to the Department of Revenue (DOR) a statement notifying DOR when a motor vehicle:



• has been damaged and needs repairs exceeding the vehicle's value;

• has been designated by the insurer as a total loss; or

• was recovered after being reported as stolen and an insurance claim for theft has already been paid by the insurer.



Upon notification, the DOR must issue a new certificate of title branded "insurance loss" to the vehicle. If the insurer's statement includes facts that qualify the vehicle as a salvage vehicle, the DOR must issue the vehicle a salvage title instead. Representative Melton distributed amendments L.002, L.003, and L.004 to the bill (Attachments A, B, and C).



160316 AttachA.pdf160316 AttachB.pdf160316 AttachC.pdf



02:37 PM -- Chris Robinson, American Family Insurance, testified in opposition to the bill. He responded to questions from the committee.



02:50 PM -- Shayne Madsen, Insurance Auto Auctions, testified in opposition to the bill.



02:53 PM -- David Cardella, Colorado Independent Automobile Dealers Association, testified in support of the bill. He referenced materials provided to the committee showing vehicles that were damaged and later sold with clean titles (Attachment D and E).



160316 AttachD.pdf160316 AttachE.pdf



03:01 PM -- Joe McCloskey, Colorado Independent Automobile Dealers Association, testified in support of the bill. He responded to questions from the committee.



03:23 PM -- Todd O'Connell, Colorado Independent Automobile Dealers Association, testified in support of the bill and distributed three handouts to the committee (Attachments F, G, and H). He responded to questions from the committee.



160316 AttachF.pdf160316 AttachG.pdf160316 AttachH.pdf



03:54 PM -- Paul B. Bjork, representing himself, testified in support of the bill. He responded to questions from the committee.



03:59 PM -- Tammi McCoy, Colorado Auto Dealers Association, testified in support of the bill. She responded to questions from the committee.



04:08 PM -- Richard Fritz, Collector Car Council, testified regarding his concerns with the introduced version of the bill, and requested amendments to exempt car collectors.



04:10 PM -- Todd Wallis, Farmers Insurance, testified in opposition to the bill. He responded to questions from the committee.

04:19 PM



The committee adjourned.