CLICS/CLICS2021A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB21-1063
HOUSE COMMITTEE ON HEALTH & INSURANCE
Date Feb 24, 2021
Location HCR 0112
HB21-1063 - Referred to the Committee of the Whole
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04:09:20 PM |
Representative Lontine, bill sponsor, introduced HB21-1063. This bill updates the Credit for Reinsurance Model Act in Colorado insurance law to be consistent with the laws of other states. The bill specifies the conditions under which a credit is allowed when reinsurance is ceded to an assuming insurer and requires the Commissioner of Insurance in the Department of Regulatory Agencies to create and publish a list of reciprocal jurisdictions and assuming insurers.
Submitted written testimony on the bill can be found in Attachment G.
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04:14:00 PM |
Michael Conway, Commissioner of Insurance, testified in support of the bill.
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04:16:43 PM |
Representative Lontine provided closing remarks on the bill.
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04:18:39 PM
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Motion |
Refer House Bill 21-1063 to the Committee of the Whole. |
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Moved |
Lontine |
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Seconded |
Caraveo |
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Baisley |
No |
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Hanks |
Yes |
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Jackson |
Yes |
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Kennedy |
Yes |
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McCormick |
Yes |
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Mullica |
Yes |
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Ortiz |
Yes |
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Soper |
Excused |
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Titone |
Excused |
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Van Beber |
Yes |
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Williams D. |
Yes |
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Caraveo |
Yes |
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Lontine |
Yes |
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Final |
YES: 10 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS |
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