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F63F35FF9099CBA4872589A4000BCEEC Hearing Summary


Date May 2, 2023      
Location Old Supreme Court

HB23-1174 - Referred to Senate Appropriations

08:09:02 PM  
Senators Baisley
and Roberts introduced House Bill 23-1174, concerning homeowner's insurance
underinsurance.  The bill specifies what insurers must consider in
establishing replacement cost coverage for homeowners, and requires the
Division of Insurance to publish an annual report on replacement costs.
08:14:48 PM  
Mrs. Kelly Campbell,
representing the American Property Casualty Insurance Association, testified
in a neutral position on the bill.
08:16:04 PM  
Mr. Dan Jablan, representing Cherry Point Strategies, testified in a neutral position on the bill.
08:16:56 PM  
Ms. Ashley Stolzmann, representing Boulder County, testified in support of the bill.
08:20:27 PM  
Commissioner Michael Conway, representing the Colorado Division of Insurance, testified in support of the bill.
08:23:06 PM  
Commissioner Rich Cimino, representing Counties & Commissioners Acting Together (CCAT), testified in support of the bill.
08:26:47 PM  
Ms. Wendy Wyss, representing themself, testified in support of the bill.
08:26:48 PM  
Additional written
testimony that was provided to the committee may be found in Attachment
08:34:27 PM  
Senator Baisley made closing comments on the merits of the bill.

08:37:00 PM
Motion Refer House Bill 23-1174 to the Committee on Appropriations.
Moved Baisley
Baisley Yes
Coleman Excused
Ginal Yes
Hinrichsen Yes
Liston Yes
Sullivan Yes
Will Excused
Danielson Yes
Rodriguez Excused
Final YES: 6   NO: 0   EXC: 3   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