Legislature(2007 - 2008)BELTZ 211
04/01/2008 01:30 PM Senate LABOR & COMMERCE
| Audio | Topic |
|---|---|
| Start | |
| SB118 | |
| SB77 | |
| HB357 | |
| HB413 | |
| HB379 | |
| SB295 | |
| HB295 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| *+ | SB 295 | TELECONFERENCED | |
| + | HB 295 | TELECONFERENCED | |
| + | HB 379 | TELECONFERENCED | |
| = | SB 118 | ||
| = | HB 357 | ||
| = | HB 413 | ||
| = | SB 77 | ||
CSHB 357(L&C)-CLAIMS AGAINST REAL ESTATE LICENSEES
2:27:02 PM
CHAIR ELLIS announced CSHB 357(L&C) to be up for consideration.
SENATOR BUNDE said he heard from a small real estate business
operator that he was quoted as much as $700 for E&O coverage and
previous testimony from the sponsor said it would be only a
couple of hundred dollars.
ELEANOR WOLFE, staff to Representative Kurt Olson and the House
Labor and Commerce Committee, explained that individuals who
have been quoted individually have run into very high rates.
That is why this would become a small group and the existing
brokers who have insurance could go with this organization if
they choose to do so. The approximately 40 percent that aren't
covered now would be able to be covered at $100,000 per year for
$200. Most brokers are carrying over $1 million and a whole
bunch of extras that aren't included in this policy.
2:29:15 PM
SENATOR BUNDE moved to report CSHB 357(L&C) from committee with
individual recommendations and attached fiscal note(s). There
were no objections and it was so ordered.
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