SB17-198

SB17-198 - Public Participate Review Acquire Control Insurer

Passed/Signed into Law
Concerning public participation in the review by the commissioner of insurance of the acquisition of control of an insurer that offers health plans, and, in connection therewith, making an appropriation.

Current law requires an opportunity for public notice and a hearing for proposed transactions that would result in the acquisition of control of a domestic insurer, which is one that is incorporated or formed pursuant to Colorado law. Section 1 of the bill expands the public notice for acquisition of a domestic insurer that offers health plans by requiring the commissioner of insurance to make certain information available for public inspection if the application presents prima facie evidence of a violation of the competitive standards established by law. Section 2 appropriates $9,505 from the division of insurance cash fund, which is reappropriated to the department of law for implementation of the act along with 0.1 FTE.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: June 2, 2017
06/02/2017 - Governor Signed
05/18/2017 - Sent to the Governor
05/18/2017 - Signed by the Speaker of the House
05/18/2017 - Signed by the President of the Senate
05/03/2017 - House Third Reading Passed - No Amendments
05/02/2017 - House Second Reading Special Order - Passed - No Amendments
05/02/2017 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
04/27/2017 - House Committee on Business Affairs and Labor Refer Unamended to Appropriations
04/12/2017 - Introduced In House - Assigned to Business Affairs and Labor
04/12/2017 - Senate Third Reading Passed - No Amendments
04/11/2017 - Senate Second Reading Passed with Amendments - Committee
04/10/2017 - Senate Second Reading Laid Over Daily - No Amendments
04/06/2017 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
03/22/2017 - Senate Committee on Business, Labor, & Technology Refer Amended to Appropriations
02/28/2017 - Senate Committee on Business, Labor, & Technology Witness Testimony and/or Committee Discussion Only
02/17/2017 - Introduced In Senate - Assigned to Business, Labor, & Technology