Hawaii House Bill 2286 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 17 2010 - 50% progression, died in committee
Action: 2010-02-26 - (S) Referred to CPN.
Pending: Senate Commerce and Consumer Protection Committee
Text: Latest bill text (Amended) [HTML]

Amends the frequency of statutorily required captive insurance company examinations from once every three years to once every five years, unless otherwise required by the Insurance Commissioner. Requires risk retention captive insurance companies to undergo examination within three years of formation. Eliminates reference to a repealed provision on minimum surplus requirements for captive insurance companies. Requires protected cell accounts established by sponsored captive insurance companies to be operated only under the forms of business organizations authorized by the Insurance Commissioner.

Captive Insurance Companies

Rep. Robert Herkes [D]

Date	Chamber	Action
2010-02-26		(S) Referred to CPN.
2010-02-18		(S) Passed First Reading.
2010-02-18		(S) Received from House (Hse. Com. No. 32).
2010-02-17		(H) Passed Third Reading with none voting no (0) and M. Oshiro excused (1). Transmitted to Senate.
2010-02-16		(H) Passed Second Reading; placed on the calendar for Third Reading with none voting no (0) and Belatti, Bertram, Carroll, Choy, Evans excused (5).
2010-02-16		(H) Reported from CPC (Stand. Com. Rep. No. 409-10), recommending passage on Second Reading and placement on the calendar for Third Reading.
2010-02-01		(H) The committees on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 9 Ayes: Representative(s) Herkes, Wakai, Cabanilla, Luke, Mizuno, Morita, Souki, Tsuji, Thielen; Ayes with reservations: none; Noes: none; and 6 Excused: Representative(s) Belatti, Carroll, Ito, Karamatsu, McKelvey, Marumoto.
2010-01-27		(H) Bill scheduled to be heard by CPC on Monday, 02-01-10 2:00 pm in House conference room 325.
2010-01-22		(H) Referred to CPC, referral sheet 4
2010-01-22		(H) Introduced and Pass First Reading.
2010-01-21		(H) Pending introduction.

Type	Source
Summary	http://capitol.hawaii.gov/Archives/measure_indiv_Archives.aspx?billtype=HB&billnumber=2286&year=2010
Text	http://www.capitol.hawaii.gov/session2010/Bills/HB2286_.HTM
Text	http://www.capitol.hawaii.gov/session2010/CommReports/HB2286_HSCR409-10_.HTM