03/29/1994 03:00 PM House L&C

  HB 534 - OMNIBUS INSURANCE REFORM                                            
                                                                               
  Number 210                                                                   
                                                                               
  DAVE WALSH, Director, Division of Insurance, Department of                   
  Commerce and Economic Development, presented HB 534.  He                     
  stated that the bill carried a zero fiscal note.  Mr. Walsh                  
  noted that there didn't seem to be any opposition to the                     
  bill.                                                                        
                                                                               
  MR. WALSH noted that the bill contains a number of items                     
  that are newly developed national models and smaller items                   
  that have come to the Division of Insurance's attention.                     
                                                                               
  MR. WALSH stated that there was nothing in the bill that to                  
  his knowledge was controversial.                                             
                                                                               
  MR. WALSH told the committee that the Division of Insurance                  
  had six pages of amendments to bring before the committee.                   
  About 5-1/2 of the pages are to correct drafting errors,                     
  with the balance being substantive amendments.  Mr. Walsh                    
  took the committee through the amendments.                                   
                                                                               
  Number 340                                                                   
                                                                               
  CHAIRMAN HUDSON stated that the six pages of amendments                      
  would be considered Amendment 1.                                             
                                                                               
  REP. PORTER moved Amendment 1 (all six pages).                               
                                                                               
                                                                               
  REP. GREEN raised the concern that this piece of legislation                 
  was very long and complex and he was concerned that there                    
  wasn't enough time to decipher it all.                                       
                                                                               
  CHAIRMAN HUDSON noted that there was no one else to testify                  
  and asked for the wishes of the committee.                                   
                                                                               
  Number 365                                                                   
                                                                               
  CHAIRMAN HUDSON stated that in deference to Vice Chairman                    
  Green he would hold the bill, but asked that the amendment                   
  be adopted so that a committee substitute could be printed,                  
  and then if there were any questions, the committee could                    
  more easily address them.                                                    
                                                                               
  MR. WALSH agreed and noted that the division was working on                  
  it side by side for the committee's information.                             
                                                                               
  Number 386                                                                   
                                                                               
  CHAIRMAN HUDSON brought up Amendment 1 and asked the                         
  committee for their wishes.  The amendment passed with no                    
  objections.                                                                  
                                                                               
  CHAIRMAN HUDSON adjourned the meeting at 4:22 p.m.