739257215496CAED87258669007D8868 Hearing Summary

Patty Salazar, Executive Director, Department of Regulatory Agencies (DORA), introduced the presentation and the staff joining her. She gave a summary of the organization chart of DORA and an overview of the budget request for the upcoming year. She spoke about DORA's response to COVID-19 by transitioning staff to remote work.

Michael Conway, Commissioner of Insurance, DORA, gave an overview of the structure of the Division of Insurance. He discussed the response to COVID-19, including stakeholder engagement, industry-specific guidance, and fraud prevention education.

Commissioner Conway spoke about the affordability efforts underway by the office, including the reinsurance program, Health Insurance Affordability Enterprise, purchasing alliances, and increased investments in primary care. He summarized the Colorado Reinsurance Program Goals as well as the legislative and operating authority, funding, and premium impacts of the program.

Commissioner Conway gave an overview of the legislative highlights, including prescription drug affordability, colorado health insurance option, and the NAIC model credit for reinsurance.

Ronne Hines, Division Director for Professions and Occupations, DORA, gave an overview of the organization of the division and discussed their response to COVID-19 related to oversight and guidance coming from the office which allowed for their office to maintain continuity of services. She spoke about the department meeting a variety of its WIGs.

Ms. Hines summarized the legislative highlights, including sunset bills, proposal for emergency-triggered regulatory flexibility, and focus on compacts, mobility, and workforce needs.

 

Director Salazar and Ms. Hines responded to questions from the committee.

Committee members made comments about the importance of stakeholder engagement.

Director Salazar answered questions and responded to comments. Ms. Hines elaborated on Director Salazar's comments about engaging with stakeholders and informing the public about board meetings.

Ms. Hines responded to questions about confidentiality.

Representative Lontine made final comments.