03/13/2014 01:30 PM Senate LABOR & COMMERCE

           SB 167-MULTIPLE VEHICLE INSURANCE POLICIES                                                                       
                                                                                                                                
1:45:33 PM                                                                                                                    
CHAIR  DUNLEAVY   reconvened  the   meeting  and   announced  the                                                               
consideration of SB  167. "An Act relating to  the maximum amount                                                               
of  uninsured and  underinsured coverage  payable under  multiple                                                               
motor vehicle  insurance policies issued  by the same  insurer in                                                               
the same household." He noted that this was the second hearing.                                                                 
                                                                                                                                
1:45:48 PM                                                                                                                    
ASHTON COMPTON,  Staff, Senator Charlie  Huggins, stated  that SB
  closes  a loophole  in  the  insurance statute  that  allows                                                               
stacking  on  some  uninsured   and  underinsured  motor  vehicle                                                               
insurance policies. The bill makes  a few changes to resolve this                                                               
inconsistency  that unnecessarily  forces  consumers to  purchase                                                               
insurance that they don't want or need.                                                                                         
                                                                                                                                
1:47:02 PM                                                                                                                    
MARTIN   HESTER,   Deputy   Director,  Division   of   Insurance,                                                               
Department  of  Commerce,   Community  and  Economic  Development                                                               
(DCCED), introduced himself.                                                                                                    
                                                                                                                                
CHAIR DUNLEAVY found  no public testimony and  closed it. Finding                                                               
no questions or comments, he solicited a motion.                                                                                
                                                                                                                                
1:47:29 PM                                                                                                                    
SENATOR  MICCICHE  moved  to  report  SB  167,  Version  A,  from                                                               
committee  with individual  recommendations  and attached  fiscal                                                               
note(s).                                                                                                                        
                                                                                                                                
CHAIR  DUNLEAVY announced  that without  objection, SB  167 moved                                                               
from the Senate Labor and Commerce Standing Committee.