72nd Legislative Session -- 1997

Committee: Senate Commerce

Thursday, January 30, 1997

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P      Daugaard
P      Lawler
P      Olson
P      Staggers
P      Valandra
P      Munson (David), Vice-Chair
P      Shoener, Chair


OTHERS PRESENT: See Original Minutes

The meeting was called to order by Senator Shoener


MOTION:      TO APPROVE THE MINUTES OF JANUARY 28, 1997 MEETING

Moved by:      Senator Olson
Second by:      Senator Lawler
Action:      Prevailed by voice vote.

          SB 129:   to revise certain provisions relating to workers' compensation workplace safety review services.

Proponents:      Senator Kermit Staggers
Opponents:      None

MOTION:      DEFER SB 129 UNTIL THE 41ST LEGISLATIVE DAY

Moved by:      Senator Staggers
Second by:      Senator Olson
Action:      Prevailed by roll call vote.   (6-0-1-0)

Voting yes:      Daugaard, Lawler, Olson, Staggers, Valandra, Shoener

Excused:      Munson (David)


          HB 1049:   to establish an insurance examination fund and prescribe certain requirements for insurers subject to examination.

Proponents:      Darla Lyon, Division of Insurance
Opponents:      David Anderson, SD Insurance Companies
          Leonard Stengel, Insurance Alliance of SD

MOTION:      DEFER HB 1049 UNTIL THE 41ST LEGISLATIVE DAY

Moved by:      Senator Olson
Second by:      Senator Staggers
Action:      Prevailed by roll call vote.   (5-2-0-0)

Voting yes:      Daugaard, Lawler, Olson, Staggers, Valandra

Voting no:      Munson (David), Shoener

          SB 145:   to authorize title insurance companies to execute certain certificates of release of mortgages.

Proponents:      Ronald Schmidt, American Insurance Association
Opponents:      None

MOTION:      DO PASS SB 145

Moved by:      Senator Olson
Second by:      Senator Daugaard
Action:      Prevailed by roll call vote.   (7-0-0-0)

Voting yes:      Daugaard, Lawler, Olson, Staggers, Valandra, Munson (David), Shoener

MOTION:      PLACE SB 145 ON CONSENT

Moved by:      Senator Daugaard
Second by:      Senator Valandra
Action:      Prevailed by voice vote.

          HB 1051:   to transfer the regulation of mortgage brokers from the Real Estate Commission to the Division of Banking.

Proponents:      Larry Lyngstad, Real Estate Commission
          Richard Duncan, SD Banking Commission
Opponents:      None

MOTION:      DO PASS HB 1051

Moved by:      Senator Lawler
Second by:      Senator Olson
Action:      Prevailed by roll call vote.   (7-0-0-0)

Voting yes:      Daugaard, Lawler, Olson, Staggers, Valandra, Munson (David), Shoener

MOTION:      PLACE HB 1051 ON CONSENT

Moved by:      Senator Lawler
Second by:      Senator Olson
Action:      Prevailed by voice vote.

MOTION:      ADJOURN

Moved by:      Senator Lawler
Second by:      Senator Olson
Action:      Prevailed by voice vote.



Doris J. Donner

_________________________________

Committee Secretary                                Jerry J. Shoener, Chair


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