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h_bus_2016a_2016-01-26t13:31:13z2 Hearing Summary

Date: 01/26/2016



Final

BILL SUMMARY for HB16-1025



HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR


Votes: View--> Action Taken:
Refer House Bill 16-1025 to the Committee of the W PASS







02:19 PM -- HB 16-1025



Representative Arndt, sponsor, introduced House Bill 16-1025. Multiple insurance companies that are owned or controlled by one entity are considered a group. This bill expands the definition of "renewal" or "to renew" when used with an automobile insurance policy, to clarify that a policy that replaces an expired policy, may be issued by another admitted company within the same insurance group, rather than the issuer of the original policy.



02:22 PM --
Dan Jablan, Farmers Insurance and the Property Casualty Insurers Association of America (PCIAA), testified in support of the bill. Mr. Jablan responded to questions from the committee.



02:25 PM --
Stephanie Paswaters and Bobbie Baca, Colorado Division of Insurance, responded to questions from the committee.



02:28 PM



Mr. Jablan, Ms. Paswaters, and Ms. Baca continued to respond to questions from the committee.



02:29 PM



Representative Arndt made closing comments.




BILL: HB16-1025
TIME: 02:30:06 PM
MOVED: Kraft-Tharp
MOTION: Refer House Bill 16-1025 to the Committee of the Whole. The motion passed on a vote of 12-0.
SECONDED: Garnett
VOTE
Arndt
Yes
Garnett
Yes
Navarro
Yes
Nordberg
Yes
Pabon
Yes
Rosenthal
Excused
Roupe
Yes
Sias
Yes
Thurlow
Yes
Winter
Yes
Wist
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS










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