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65D3ECF4683D5B4F8725882F007B6D34 Hearing Summary




PUBLIC
BILL SUMMARY For HB22-1357

HOUSE COMMITTEE ON FINANCE
Date Apr 25, 2022      
Location HCR 0112



HB22-1357 - Postponed Indefinitely


04:28:12 PM  
The committee took a brief recess.
04:35:17 PM  
The committee returned to order. Representative Weissman, prime sponsor, presented House Bill 22-1357. The bill requires the Commissioner of Insurance to approve rate increases for private passenger motor vehicle and homeowner’s insurance prior to insurers using the rates. He distributed a fact sheet about the bill (Attachment D). He responded to questions from the committee.
04:54:02 PM  
The committee continued to discuss the bill with Representative Weissman.
05:13:14 PM  
Sarah Staron, representing Young Invincibles, testified in support of the bill. Mayor Ashley Stolzmann, representing City of Louisville, testified in support of the bill. The witnesses responded to questions from the committee.
05:25:59 PM  
The committee continued to question the witnesses.
05:27:24 PM  
Kevin Vick, representing the Colorado Education Association, testified in support of the bill.
05:31:56 PM  
Jon Schnautz, representing
the National Association of Mutual Insurance Companies, testified in opposition
to the bill.  Bryan  Bernier, representing Professional Independent
Insurance Agents of Colorado, testified in opposition to the bill.  Mr.
John Putnam, representing himself, testified in opposition to the bill.
05:39:59 PM  
Carole Walker, representing the Rocky Mountain Insurance Association, testified in opposition to the bill. Mrs. Kelly Campbell, representing the American Property Casualty Insurance Association, testified in opposition to the bill. Mr. Paul Martin, representing the Reinsurance Association of America, testified in opposition to the bill. The witnesses responded to questions from the committee.
05:58:51 PM  
The committee continued to discuss the bill with the witness panel.
06:05:36 PM  
Commissioner of Insurance Michael Conway, representing the Division of Insurance, was available to answer committee questions.
06:23:12 PM  
Representative Weissman wrapped up his presentation of the bill and asked for a favorable recommendation.
06:29:55 PM  
Members of the committee made closing comments.


06:38:52 PM
Motion Refer House Bill 22-1357 to the Committee on Appropriations.
Moved Snyder
Seconded Kipp
Benavidez Yes
Daugherty No
Kipp Yes
Luck No
Michaelson Jenet Yes
Rich No
Sandridge No
Soper No
Tipper No
Snyder No
Bird No
YES: 3   NO: 8   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


06:39:29 PM
Motion Postpone House Bill 22-1357 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely.
Moved Snyder
Seconded Kipp
Benavidez No
Daugherty Yes
Kipp No
Luck Yes
Michaelson Jenet No
Rich Yes
Sandridge Yes
Soper Yes
Tipper Yes
Snyder Yes
Bird Yes
Final YES: 8   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details