Roll Call
P
Shoener, Chair
P
Munson (David), Vice-Chair
P
Daugaard
P
Staggers
P
Lawler
P
Olson
P
Valandra
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Senator Shoener
David Volk, Secretary for the Department of Commerce, provided an overview of the
Department.
MOTION:
Approve the appointment of John Waltner, Freeman, South Dakota to the South
Dakota LotteryCommission
Moved by:
Senator Lawler
Second by:
Senator Munson (David)
Action:
Prevailed by roll call vote.
(7-0-0-0)
Voting yes:
Shoener, Munson (David), Daugaard, Staggers, Lawler, Olson, Valandra
SB 74:
to revise the requirements for disclosure for certain health insurance
coverages and to further limit the application of waiting periods for medicare
supplement insurance.
Proponents:
none
Opponents:
none
Presented by:
Randy Moses, Department of Insurance
Comments by:
none
MOTION:
DO PASS SB 74
Moved by:
Senator Lawler
Second by:
Senator Munson (David)
Action:
Prevailed by roll call vote.
(7-0-0-0)
Voting yes:
Shoener, Munson (David), Daugaard, Staggers, Lawler, Olson, Valandra
MOTION:
PLACE SB 74 ON CONSENT
Moved by:
Senator Olson
Second by:
Senator Munson (David)
Action:
Prevailed by voice vote.
SB 80:
to update and revise the Uniform Securities Act.
Proponents:
None
Opponents:
None
Presented by:
Debra Bollinger, Department of Commerce
Comments by:
None
MOTION:
DO PASS SB 80
Moved by:
Senator Olson
Second by:
Senator Lawler
Action:
Prevailed by roll call vote.
(7-0-0-0)
Voting yes:
Shoener, Munson (David), Daugaard, Staggers, Lawler, Olson, Valandra
SB 81:
to establish an insurance fraud unit within the Division of Insurance to
investigate and prosecute insurance fraud.
Proponents:
Craig Matson, Lobbyist, State Farm Insurance
Mike Shaw, American Family Insurance
Jeremiah Murphy, Western Insurance
Opponents:
None
Presented by:
Darla Lyon, Department of Insurance
Comments by:
None
MOTION:
AMEND SB 81
On page
6
,
line
11
,
delete "
shall
"
and insert "
may
"
.
On page
6
,
line
12
,
after "
with
"
insert "
and approval by
"
.
Moved by:
Senator Lawler
Second by:
Senator Olson
Action:
Prevailed by voice vote.
MOTION:
DO PASS SB 81 AS AMENDED
Moved by:
Senator Lawler
Second by:
Senator Munson (David)
Action:
Prevailed by roll call vote.
(7-0-0-0)
Voting yes:
Shoener, Munson (David), Daugaard, Staggers, Lawler, Olson, Valandra
SB 82:
to revise the South Dakota Uniform Securities Act to conform with the
provisions of the National Securities Markets Improvement Act of 1996.
Proponents:
None
Opponents:
None
Presented by:
Debra Bollinger, Department of Commerce
Comments by:
None
MOTION:
DO PASS SB 82
Moved by:
Senator Lawler
Second by:
Senator Munson (David)
Action:
Prevailed by roll call vote.
(6-1-0-0)
Voting yes:
Shoener, Munson (David), Daugaard, Lawler, Olson, Valandra
Voting no:
Staggers
SB 76:
to repeal the requirement that insurance companies publish condensed
financial statements.
Proponents:
Darla Lyon, Department of Insurance
Mike Shaw, National Association Insurance
Ethan Schmidt, American Insurance Association
Opponents:
Dave Bordewyk, SD Newpaper Association
Presented by:
David Volk, Secretary, Dept of Commerce
Comments by:
None
MOTION:
DO NOT PASS SB 76
Moved by:
Senator Valandra
Second by:
Senator Daugaard
Action:
No Action
MOTION:
SUBSTITUTE MOTION TO TO TABLE SB 76
Moved by:
Senator Olson
Second by:
Senator Munson (David)
Action:
Prevailed by roll call vote.
(7-0-0-0)
Voting yes:
Shoener, Munson (David), Daugaard, Staggers, Lawler, Olson, Valandra
MOTION:
ADJOURN
Moved by:
Senator Olson
Second by:
Senator Daugaard
Action:
Prevailed by voice vote.
Doris J. Donner
_________________________________
Committee Secretary
Jerry J. Shoener, Chair
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