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 Chairman Shoener

MOTION:      TO APPROVE THE MINUTES OF PREVIOUS MEETING

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

        DEFER SB 223 UNTIL TILL NEXT TUESDAY

          SB 114:   to permit investment by farm mutual insurers in common stock of banks or bank holding companies.

Proponents:      Senator William Johnson
          David Anderson, SD Ins.. Association
          Barbara Winkler, SD Farm Mutual Ins.
          Darla Lyon, Division of Insurance
Opponents:      Jeff Rodman, SD Bankers Assoc
          Dean Krogman, Independent Bankers

         

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MOTION:      DO PASS SB 114

Moved by:      Senator Olson
Second by:      Senator Staggers
Action:      Prevailed by roll call vote.   (4-3-0-0)

Voting yes:      Daugaard, Olson, Staggers, Valandra

Voting no:      Lawler, Munson (David), Shoener

          SB 135:   to prohibit automobile insurers from increasing rates or canceling or nonrenewing automobile policies based solely on the number of claims made on the comprehensive coverage of a policy.

Proponents:      Senator Bob Drake
          Craig Madson, State Farm Insurance
          Dennis Duncan, SD Ins.. Alliance

Comments by     Darla Lyon, Division of Insurance

MOTION:      DO PASS SB 135

Moved by:      Senator Lawler
Second by:      Senator Olson
Action:      Failed by roll call vote.   (3-3-1-0)

Voting yes:      Lawler, Olson, Shoener

Voting no:      Daugaard, Staggers, Munson (David)

Excused:      Valandra

MOTION:      DEFER SB 135 UNTIL THE 36TH LEGISLATIVE DAY

Moved by:      Senator Staggers
Second by:      Senator Daugaard
Action:      Prevailed by roll call vote.   (4-2-1-0)

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

Voting no:      Lawler, Olson

Excused:      Valandra

          SB 187:   to revise the circumstances under which an out-of-state bank may establish and maintain a branch in South Dakota.

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Proponents:      Senator Symens
          Jim Larson, Independent Bankers
          Drew Donnally,Banker, Wheaton, MN
         
Opponents:      Jeff Rodman, SD. Bankers, Assoc.
          Dean Krogman, Independent Bankers

Comments by:      Richard Duncan, Division of Banking

MOTION:      AMEND SB 187

r-187

     On page 1 , line 10 of the printed bill , after " However, " insert " if the border state provides reciprocity, " .

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

MOTION:      DO PASS SB 187 AS AMENDED

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

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

Voting no:      Daugaard, Shoener

          SB 207:   to repeal the subsequent injury fund and to provide for the administration and reimbursement of any remaining funds.

Proponents:      Darla Lyon, Division of Insurance
          Ron Wheeler, Governors Office Economic Development
          Jeremiah Murphy, John Morrell
          Ray Trankle, Industry and Commerce Assoc. Of SD
Opponents:      Paul Alyard, AFL-CIO
          Larry Mann, Home Stake Mining
          Eric Blomfelt, Risk Management Services
         

MOTION:      DO PASS SB 207

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Moved by:      Senator Staggers
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

MOTION:      ADJOURN

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

Doris J. Donner

Committee Secretary