77th Legislative Session _ 2002

Committee: Senate Commerce
Tuesday, February 12, 2002

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Bogue
P    McCracken
P    Sutton (Dan)
P    Volesky
P    Whiting
P    Brown (Arnold), Vice-Chair
P    Munson, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chair Munson

MOTION:     TO APPROVE THE MINUTES OF FEBRUARY 8

Moved by:    McCracken
Second by:    Brown (Arnold)
Action:    Prevailed by voice vote.
        
        Gavel passed to Vice Chair

         HB 1075: provide for a bank's investment limitations.

Presented By:    Tom Adam, SD Bankers Assn
Proponents:    Dean Krogman, Independent Community Bankers

MOTION:     AMEND HB 1075

1075jb
     On page 1, line 11 of the House Commerce Committee engrossed bill, delete " stock " and insert ", surplus, and undivided profits, unless".

     On page 1 , delete line 12 .

Moved by:    Volesky
Second by:    McCracken
Action:    Prevailed by voice vote.

 MOTION:     DO PASS HB 1075 AS AMENDED

Moved by:    Volesky
Second by:    Bogue
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

 MOTION:     PLACE HB 1075 ON CONSENT CALENDAR

Moved by:    Bogue
Second by:    McCracken
Action:    Prevailed by voice vote.
        
        Gavel to Chair

         HB 1134: revise the time at which bond is required of a surplus line broker.

Presented By:    Senator Elmer Diedtrich, Prime Sponsor
Proponents:    Larry Ahrendt, SDAIA
        Darla Lyon, Division of Insurance

MOTION:     DO PASS HB 1134

Moved by:    McCracken
Second by:    Whiting
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE HB 1134 ON CONSENT CALENDAR

Moved by:    Whiting
Second by:    McCracken

Action:    Prevailed by voice vote.

        Gavel to Vice Chair


         HB 1078: revise certain bond and insurance requirements for trust companies.

Presented By:    Tom Adam, SD Bankers Assn
Opponents:    Ron Schmidt, American Insurance Assn

MOTION:     AMEND HB 1078

1078ja
     On page 2, line 7 of the printed bill, after " both, " insert " in such form and amount ".

Moved by:    Whiting
Action:    Died for a lack of a second

 MOTION:     DEFER HB 1078 UNTIL THURSDAY, FEBRUARY 14

Moved by:    Volesky
Second by:    McCracken
Action:    Prevailed by voice vote.

          HB 1079: revise certain provisions relating to preferential deposits of financial institutions.

Presented By:    Representative Broderick, Prime Sponsor
Proponents:    Bob Sutton, SD Bankers Assn

MOTION:     DO PASS HB 1079

Moved by:    Bogue
Second by:    Whiting
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE HB 1079 ON CONSENT CALENDAR

Moved by:    Whiting

Second by:    Volesky
Action:    Prevailed by voice vote.

        Gavel to Chair

    

         HB 1141: provide certain standards for utilization review for property and casualty insurers.

Presented By:    Representative Mel Olson, Prime Sponsor
Proponents:    Randy Moses, Division of Insurance
        Dick Tieszen, State Farm Insurance
        Ron Schmidt, American Insurance Assn

MOTION:     AMEND HB 1141

1141jc
     On page 1, line 6 of the printed bill, after " condition, " insert "or".

     On page 1 , line 7, delete " , or the cause of the injury " .

     On page 1 , line 8, delete " or condition " .

     On page 2, line 4, delete " conducted " and insert "administered".

     On page 2 , line 4, before " health " insert "qualified licensed".

     On page 2 , delete lines 5 and 6 , and insert:

"professional. Any adverse determination shall be evaluated by an appropriately licensed and clinically qualified health care professional.".


Moved by:    Brown (Arnold)
Second by:    McCracken
Action:    Prevailed by voice vote.

 MOTION:     AMEND HB 1141

1141jd
     On page 2 of the printed bill, delete lines 10 to 12 , inclusive.

Moved by:    Volesky
Action:    Died for a lack of a second

 MOTION:     DO PASS HB 1141 AS AMENDED

Moved by:    McCracken
Second by:    Brown (Arnold)
Action:    Prevailed by roll call vote.(6-1-0-0)

Voting Yes:    McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

Voting No:    Bogue

        Gavel to Vice Chair

         HB 1151: require the secretary of state to conduct a pilot program granting certain secured parties the ability to file and provide a procedure to record a financing statement for security interest on agricultural lien and to provide rule-making authority to implement the pilot program.

Presented By:    Rich Sattgast, SDACO
Proponents:    Tom Lechey, Office of Secretary of State
        Bob Sutton, SD Bankers Assn

MOTION:     DO PASS HB 1151

Moved by:    McCracken
Second by:    Bogue
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE HB 1151 ON CONSENT CALENDAR

Moved by:    McCracken
Second by:    Whiting
Action:    Prevailed by voice vote.

    

         HB 1153: provide procedural requirements for ineligibility orders issued by the division of insurance and to repeal a surplus line insurer's responsibility to remit surplus lines tax not remitted by an unlicenced surplus lines broker.

Presented By:    Larry Nelson, Lexington Insurance Company
Proponents:    Darla Lyon, Division of Insurance

MOTION:     DO PASS HB 1153

Moved by:    Brown (Arnold)
Second by:    Volesky
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE HB 1153 ON CONSENT CALENDAR

Moved by:    Volesky
Second by:    Bogue
Action:    Prevailed by voice vote.

         HB 1181: prohibit directed suretyship.

Presented By:    Jeremiah Murphy, Western Surety
Proponents:    Jim Keyes, AGC of SD
        Larry Zikmund, AGC, Builders Chapter
        Ron Schmidt, American Insurance Assn
        Larry Ahrendt, SDAIA

MOTION:     AMEND HB 1181

1181jc
     On page 1, line 9 of the House Commerce Committee engrossed bill, delete " or the lack of financial " and insert ".".

     On page 1 , delete line 10 .

Moved by:    Volesky
Second by:    McCracken
Action:    Prevailed by voice vote.

 MOTION:     DO PASS HB 1181 AS AMENDED

Moved by:    McCracken
Second by:    Bogue
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

 MOTION:     PLACE HB 1181 ON CONSENT CALENDAR

Moved by:    Whiting
Second by:    McCracken
Action:    Prevailed by voice vote.

          HB 1190: revise certain insurance provisions regarding the surety bonds that are exempt from the requirements of countersignature by resident agents.

Presented By:    Representative Solum, Prime Sponsor
Proponents:    Jeremiah Murphy, Western Surety

MOTION:     DO PASS HB 1190

Moved by:    Volesky
Second by:    Bogue
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE HB 1190 ON CONSENT CALENDAR

Moved by:    McCracken
Second by:    Bogue
Action:    Prevailed by voice vote.



    


    

    
        Gavel to Chair

         HB 1226: eliminate certain waiting periods and notice requirements associated with certificates of release for mortgages.

Presented By:    Senator Daugaard, Prime Sponsor
Proponents:    Brent Wilbur, SD Bankers Assn
        Chad Hansen, Dak Homestead Title Insurance Co.
        Chuck Schroyer, SD Land Title Assn

MOTION:     AMEND HB 1226

1226ja
     On page 1, line 11 of the printed bill, overstrike " sent " and insert " received ".

Moved by:    Brown (Arnold)
Second by:    Bogue
Action:    Prevailed by voice vote.

 MOTION:     DO PASS HB 1226 AS AMENDED

Moved by:    Brown (Arnold)
Second by:    Whiting
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

 MOTION:     PLACE HB 1226 ON CONSENT CALENDAR

Moved by:    Whiting
Second by:    McCracken
Action:    Prevailed by voice vote.

          HB 1256: revise certain provisions regarding title insurance reserves.

Presented By:    Chad Hansen, Dak Homestead Title Insurance Co
Proponents:    Representative Gillespie, Prime Sponsor

MOTION:     DO PASS HB 1256

Moved by:    Volesky

Second by:    Brown (Arnold)
Action:    Prevailed by roll call vote.(7-0-0-0)

Voting Yes:    Bogue, McCracken, Sutton (Dan), Volesky, Whiting, Brown (Arnold), Munson

MOTION:     PLACE HB 1256 ON CONSENT CALENDAR

Moved by:    Whiting
Second by:    Volesky
Action:    Prevailed by voice vote.
    

         HB 1240: revise certain provisions relating to the Statewide One-Call Notification                  Board, to create enforcement authority for the board, and to provide for certain          penalties and fines.

Presented By:    Senator McCracken, Prime Sponsor
Proponents:    Larry Englerth, SD One Call, Sioux Falls, SD
        Jim Keyes, AGC of SD
        Bob Miller, SD Electric Utilities
        Otto Doll, BIT
        Ed Anderson REA SD
    
        The Chair deferred HB 1240 until Thursday, February 14.

MOTION:     ADJOURN

Moved by:    Bogue
Second by:    Whiting
Action:    Prevailed by voice vote.

Margaret Nickels

____________________________

Committee Secretary
David R. Munson, Chair

../02121000.SCO
Page 1