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Minnesota Legislature
2013-2014 Regular Session

TWENTY FOURTH MEETING - Commerce and Consumer Protection Finance and Policy

August 29, 2013

STATE OF MINNESOTA TWENTY FOURTH MEETING
HOUSE OF REPRESENTATIVES EIGHTY-EIGHTH SESSION

COMMITTEE ON COMMERCE AND CONSUMER PROTECTION FINANCE AND POLICY
Chair, Representative Joe Atkins

MINUTES

Representative Atkins, Chair of Committee on Commerce and Consumer Protection Finance and Policy, called the meeting to order at 9:05 AM on August 29th, 2013 in Room 5 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:
Atkins, Chair
Hoppe, Lead
Anderson, S.
Davids
Dehn
Halverson
Hilstrom
Johnson, S.
Loon
Lillie
Schoen
Slocum
Theis
Woodard
Zellers

Members excused:
Fritz, Vice Chair
Anzelc
Falk
Hortman
Sanders
Sundin
Swedzinski

A quorum was present

The following people gave testimony on the business climate in the Midwest:
Professor Myles Shaver, Carlson School, University of Minnesota
Kim Babine, MN Department of Employment and Economic Development

The following people gave testimony on auto insurance modernization:
Wil Fluegel, Professer, William Mitchell
Rich Ruohonen, TSR Injury Law
Paul Godfrey, Farmers Group, Inc.
Bob Johnson, IFM
Pete Thrane, Leonard Street and Deinard

The following people gave testimony on non-compete agreements:
Shaye Mandle, Executive Vice President, LifeScience Alley
Ross Plaetzer, Employer Solutions Group
Ben Gerber, MN Chamber of Commerce
Melissa Raphan, Minnesota Employment Law Council
Bill Pentelovitch, Maslon Law Firm

The following people gave testimony on the secondary life insurance market:
Greg Leahy, Fortress Investments
Kurt Gearhart, CEO, 21st Services LLC

The meeting was adjourned at 11:53 AM.




___________________________
Representative Joe Atkins, Chair



_________________________________________
Pete Vujovich, Committee Legislative Assistant
More Info On This Meeting..
Agenda:

Business Climate in the Midwest: MN vs WI - Professor Myles Shaver – University of Minnesota Discussion of Auto Insurance Modernization Discussion of Appropriateness of Non-Compete Agreements (HF 506) Discussion of STOLI and Life Insurance Secondary Market

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4:00 - Gavel. 7:00 - Business climate in the Midwest: MN versus WI. 55:00 - Discussion of auto insurance modernization. 1:39:00 - Discussion of appropriateness of non-compete agreements (HF506). 2:32:30 - Discussion of stranger-originated life insurance (STOLI) and life insurance secondary market. Runs 2 hours, 49 minutes.