Hawaii House Bill 1026 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 25 2023 - 25% progression, died in committee
Action: 2023-01-30 - Referred to CPC, FIN, referral sheet 3
Pending: House Consumer Protection & Commerce Committee
Text: Latest bill text (Introduced) [HTML]

Amends various provisions of title 24 of the Hawaii Revised Statutes (HRS) to update and improve existing provisions. Adds a Health Insurance Administrator deputy commissioner position. Defines "dormant captive insurance company" and sets out a procedure to apply for the certificate of dormancy. Adds the term "doing business as" to "trade name" statutory references. Clarifies continuing education provider filing requirements. Clarifies reinsurance intermediary-manager filing requirements. Amends the surety bond threshold requirement for third party administrators and clarifies the audited financial statements requirements. Adopts revised National Association of Insurance Commissioners Model #880 Unfair Trade Practices Act regarding expansion of value-added products beyond health products. Aligns section 431:13-103 with changes made to article 9 of chapter 431 by Act 110, Session Laws of Hawaii 2021. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies.

Relating To Insurance.

Rep. Scott Saiki [D]

Date	Chamber	Action
2023-01-30	House	Referred to CPC, FIN, referral sheet 3
2023-01-25	House	Introduced and Pass First Reading.
2023-01-23	House	Pending introduction.

HB1026 (Carry Over) 2023-01-30 - Referred to CPC, FIN, referral sheet 3
SB1324 (Same As) 2023-02-17 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=1026&year=2023
Text	https://www.capitol.hawaii.gov/sessions/session2023/bills/HB1026_.HTM