Representative Galindo introduced House Bill 19-1043. The bill allows life care institutions that must maintain certain financial reserves to use a surety bond as a type of reserve.

Craig Erickson, Wind Crest Retirement Community, testified in support of the bill.

Georgia Wynter, Erickson Living, testified in support of the bill.

Will Pfanmiller, Rocky Mountain Surety Association, testified in support of the bill.

Mr. Pfanmiller, Ms. Wynter, and Mr. Erickson responded to questions from the committee.

Representative Galindo made closing remarks.