STATE OF MINNESOTA THIRTY-SECOND MEETING
HOUSE OF REPRESENTATIVES EIGHTY-FOURTH SESSION
COMMERCE & FINANCIAL INSTITUTIONS COMMITTEE
MINUTES
Representative Tim Wilkin, Chairman of the Commerce and Financial Institutions Committee, called the thirty-second meeting to order at 1:10 p.m. on Wednesday, March 8, 2006, in Room 200 of the State Office Building.
The Clerk noted the roll.
House Members present:
WILKIN, Tim, Chair
GAZELKA, Paul, Vice-Chair
DAVIDS, Greg
GUNTHER, Bob
HAMILTON, Rod
KOHLS, Paul
PEPPIN, Joyce
POWELL, Duke
SEVERSON, Dan
SIMPSON, Dean
SODERSTROM, Judy
VANDEVEER, Ray
ZELLERS, Kurt
ATKINS, Joe
CLARK, Karen
FRITZ, Patti
GOODWIN, Barb
JAROS, Mike
LIEBLING, Tina
LOEFFLER, Diane
MOE, Frank
MULLERY, Joe
RUKAVINA, Tom
SAILER, Brita
SERTICH, Tony
Excused: HOWES, Larry
A quorum was present.
Rep. Gazelka moved that the minutes from the meetings of February 22, February 28, and March 2, 2006, be approved.
THE MOTION PREVAILED.
Rep. Gazelka assumed the gavel.
HF2500 (Wilkin) Individual health insurance policy forms filing and use regulated to establish a minimum loss ratio guarantee.
Rep. Wilkin moved that HF2500 be recommended to pass and be re-referred to the General Register.
Rep. Wilkin moved to amend HF2500 with the HF2500A1 amendment.
Tom Pender, House Research, described the A1 amendment to the committee.
Rep. Wilkin renewed his motion to amend HF2500 with the HF2500A1 amendment.
THE MOTION PREVAILED.
Rep. Wilkin presented HF2500, as amended.
Testifying on HF2500:
Bob Johnson, Insurance Federation of Minnesota
Scott Zajic, Assurant Insurance Company
Rep. Wilkin renewed his motion that HF2500 be recommended to pass, as amended, and be re-referred to the General Register.
THE MOTION PREVAILED.
Rep. Wilkin resumed the gavel.
HF2916 (Smith) Fire safety account established from fire premium and assessment revenue, fire insurance tax abolished and money appropriated.
Rep. Wilkin moved that HF2916 be recommended to pass and be re-referred to the Committee on Public Safety Policy and Finance.
Rep. Smith presented HF2916.
Testifying on HF2916:
Mr. Mike Stockstead, Minnesota Professional Firefighters Association
Bob Johnson, Insurance Federation of Minnesota
Mike Hickey, National Federation of Independent Business
Rep. Wilkin moved to amend HF2916 with the H2916A2 amendment.
THE MOTION PREVAILED.
Rep. Rukavina withdrew the H2916A3 amendment.
Rep. Wilkin renewed his motion that HF2916 be recommended to pass, as amended, and be re-referred to the Committee on Public Safety Policy and Finance.
THE MOTION PREVAILED.
HF2514 (Atkins) Uniform Securities Act of 2002 adopted and modified, and criminal penalties prescribed.
Rep. Atkins moved that HF2514 be recommended to pass and be re-referred to the General Register.
Rep. Atkins moved to amend HF2514 with the A06-1144 amendment.
THE MOTION PREVAILED.
Rep. Atkins presented HF2514, as amended.
The following were available to testify on HF2514:
Bob Tennesson, Gray Plant Mooty
Tom Lovett, Lindquist and Vannum
Bruce MacKenzie, Dorsey Whitney
Dan Sexton, Dept. of Commerce
Bill Strusinski, Securities Industry Association
Rep. Atkins renewed his motion that HF2514 be recommended to pass, as amended, and be re-referred to the General Register.
THE MOTION PREVAILED.
The meeting was adjourned at 2:15 pm.
REP. TIM WILKIN, CHAIR
Tim Jacobson
Committee Legislative Assistant