HB 1228 - Insurance Company Regulations - Colorado Key Vote

Stage Details

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Title: Insurance Company Regulations

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that allows the Commissioner of Insurance to order an insurance company to pay restitution for violating specific statutes related to insurance (CO Revised Statutes: Title 10) or if found financially responsible for the unfair business practices of an insurance producer acting on behalf of the insurer.

Highlights:

- Amendment No. 1, sponsored by the Senate Business, Labor & Technology Committee, specified that the commissioner may collect restitution for violations enumerated in Title 10 of the Colorado Revised Statutes.

See How Your Politicians Voted

Title: Insurance Company Regulations

Vote Smart's Synopsis:

Vote to pass a bill that allows the Commissioner of Insurance to order an insurance company to pay restitution for violating statutes related to insurance (CO Revised Statutes: Title 10) or if found financially responsible for the unfair business practices of an insurance producer acting on behalf of the insurer.

Highlights:

- Amendment No. 1, sponsored by the Senate Business, Labor & Technology Committee, specified that the commissioner may collect restitution for violations enumerated in Title 10 of the Colorado Revised Statutes.

See How Your Politicians Voted

Title: Insurance Company Regulations

Vote Smart's Synopsis:

Vote to pass a bill that allows the Commissioner of Insurance to order an insurance company to pay restitution for violating any statute related to the regulation of insurance or if found financially responsible for the unfair business practices of an insurance producer acting on behalf of the insurer.

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