4748555 Public Hearing Notice on B20-365, "Underinsured Motorist Carrier Fairness Amendment Act of 2013", B20-212, "Life and Health Insurance Guaranty Association Consumer Protection Amendment Act of 2013", and B20-540, "Community Development ...

Council of the District of Columbia

Committee on Business, Consumer, and Regulatory Affairs

Notice of Public Hearing

 

John A. Wilson Building   1350 Pennsylvania Avenue, NW, Ste. G-6    Washington, DC 20004                                          

 

COUNCILMEMBER VINCENT B. ORANGE, SR., CHAIR

COMMITTEE ON BUSINESS, CONSUMER, AND REGULATORY AFFAIRS

 

ANNOUNCES A PUBLIC HEARING ON

 

B20-365, THE “UNDERINSURED MOTORIST CARRIER FAIRNESS AMENDMENT ACT OF 2013”

 

B20-212, THE “LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION CONSUMER PROTECTION AMENDMENT ACT OF 2013

 

B20-540, THE “COMMUNITY DEVELOPMENT AMENDMENT ACT OF 2013”

 

Friday, February 28, 2014, 10:00 am

John A. Wilson Building, Room 123

1350 Pennsylvania Ave., NW

Washington, D.C. 20004

 

Councilmember Vincent B. Orange, Sr. announces the scheduling of a public hearing of the Committee on Business, Consumer, and Regulatory Affairs for the purpose of receiving testimony on following measures: B20-365, the “Underinsured Motorist Carrier Fairness Amendment Act of 2013”; B20-212, the “Life and Health Insurance Guaranty Association Consumer Protection Amendment Act of 2013”; and B20-540, the “Community Development Amendment Act of 2013”.  The public hearing is scheduled for Friday, February 28, 2014 at 10:00 a.m. in Room 123 of the John A. Wilson Building located at 1350 Pennsylvania Ave., N.W., Washington, DC 20004.

 

B20-365, the “Underinsured Motorist Carrier Fairness Amendment Act of 2013”, proposes to require action by an underinsured motorist insurer when liability insurance is exhausted.  B20-212, the  “Life and Health Insurance Guaranty Association Consumer Protection Amendment Act of 2013” would increase coverage levels to ensure that insureds receive the full benefits of their policies or contracts in the event of insolvency.  And B20-540, the Insurance Guaranty Association Consumer Protection Amendment Act of 2013” proposes to amend the Community Development Act of 2000 to increase lending and services to underserved borrowers, including low- and moderate-income borrowers, minority borrowers and older adults, and to encourage increased community development and investment by financial institutions operating with the District of Columbia.

 

Individuals and representatives of organizations who wish to testify at the public hearing are asked to contact Ms. Faye Caldwell or Gene Fisher of the Committee on Business, Consumer, and Regulatory Affairs at [phone] or by email at [e-mail] or [e-mail].  Witnesses are asked to furnish their names, addresses, telephone number, email address, and organizational affiliation, if any, by the close of business, Friday, February 21, 2014.  Each witness is requested to bring 20 copies of his/her written testimony.  Representatives of organizations and government agencies will be limited to 5 minutes in order to permit each witness an opportunity to be heard.  Individual witnesses will be limited to 3 minutes.

 

If you are unable to testify at the hearing, written statements are encouraged and will be made part of the official record.  The official record will remain open until the close of business of Friday, March 14, 2014.  Copies of written statements should be submitted to the Committee on Business, Consumer, and Regulatory Affairs, Council of the District of Columbia, Suite G-6, of the John A. Wilson Building, 1350 Pennsylvania Avenue, N.W., Washington, D.C. 20004.