73rd Legislative Session -- 1998

Committee: Senate Commerce

                                            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 PREVIOUS MEETING

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

          SB 140:   to revise the requirements for selling motorcycles at certain events and to define vintage motorcycles.

Proponents:      Senator Flowers, Prime Sponsor
          R. Van Johnson, Executive Secretary, Auto Dealers

MOTION:      DO PASS SB 140

Moved by:      Senator Lawler
Second by:      Senator Munson (David)
Action:      Prevailed by roll call vote.   (5-1-1-0)

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

Voting no:      Staggers

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Excused:      Valandra

         
          DEFER SB 114 UNTIL NEXT MEETING

          Senator Shoener passed the gavel to Senator Munson.


          SB 118:   to exempt service contracts from the insurance code.

Proponents:      Senator Shoener, Prime Sponsor
          Bob Riter, Independent Insurance Agents
          Randy Moses, Division of Insurance

MOTION:      AMEND SB 118

j-118

     On page 2 , line 3 of the printed bill , after " under the " insert " exclusive " .

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

MOTION:      DO PASS SB 118 AS AMENDED

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

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

Excused:      Valandra

MOTION:      PLACE SB 118 ON CONSENT

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

          Senator Munson passed the gavel back to Senator Shoener


          SB 148:   to revise certain provisions relating to employee group insurance.

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Proponents:      Dick Gregerson, American Council Life Insurance
          Randy Moses, Division of Insurance

MOTION:      DO PASS SB 148

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

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

Excused:      Valandra

MOTION:      PLACE SB 148 ON CONSENT

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

          SB 150:   to adopt and amend certain provisions of the Uniform Commercial Code relating to letters of credit.

Proponents:      Senator Everist, Pime Sponsor
          Tom Adam, General Council Banking Association

MOTION:      DO PASS SB 150

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

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

Excused:      Valandra

          SB 154:   to adopt and amend certain provisions of the Uniform Commercial Code relating to investment securities.

Proponents:      Senator Everist, Prime Sponsor
          Tom Adam, Bankers Association
          Secretary David Volk
          Dick Gregorson. American Council Life Insurance

MOTION:      DO PASS SB 154

Moved by:      Senator Olson

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Second by:      Senator Munson (David)
Action:      Prevailed by roll call vote.   (6-0-1-0)

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

Excused:      Valandra

          Senator Shoener passed the Gavel to Senator Munson


          SB 168:   to allow organizations subject to the provisions of the insurance laws of this state to incorporate as a nonprofit organization.

Proponents:      Senator Shoener, Prime Sponsor
          Dave Hewitt, South Dakota Health Care Associations
          Darla Lyon, Division of Insurance

MOTION:      DO PASS SB 168

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 168 ON CONSENT

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

          Senator Munson passed the gavel back to Senator Shoener


          SB 181:   to revise the state auditor's authority to allow the restoration of a fund from which a loan is made.

Proponents:      Vern Larson, State Auditor

MOTION:      DO PASS SB 181

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

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

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MOTION:      PLACE SB 181 ON CONSENT

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

          Senator Munson passed the gavel badk to Senator Munson


          DEFER SB 135 UNTIL NEXT MEETING

MOTION:      ADJOURN

Moved by:      Senator Munson (David)
Second by:      Senator Lawler
Action:      Prevailed by voice vote.

Doris J. Donner

Committee Secretary