HI HB2394 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on June 24 2024 - 100% progression
Action: 2024-06-24 - Act 069, 06/21/2024 (Gov. Msg. No. 1170).
Text: Latest bill text (Amended) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on June 24 2024 - 100% progression
Action: 2024-06-24 - Act 069, 06/21/2024 (Gov. Msg. No. 1170).
Text: Latest bill text (Amended) [HTML]
Summary
Amends various provisions of the Insurance Code to update and improve existing provisions. Defines "dormant captive insurance company", sets out a procedure to apply for a certificate of dormancy, and exempts certified dormant captive insurance companies from certain tax and reporting requirements. Includes in the term "trade name", names under which individuals or business entities are conducting business or doing business as. 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. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. (SD1)
Title
Relating To Insurance.
Sponsors
| Rep. Scott Saiki [D] |
Roll Calls
2024-03-20 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-06-24 | Senate | Act 069, 06/21/2024 (Gov. Msg. No. 1170). |
| 2024-06-24 | House | Act 069, on 06/21/2024 (Gov. Msg. No. 1170). |
| 2024-05-02 | House | Transmitted to Governor. |
| 2024-05-03 | Senate | Received notice of House agreement and passage on Final Reading (Hse. Com. No. 829). |
| 2024-05-01 | House | Passed Final Reading as amended in SD 1 with none voting aye with reservations; Representative(s) Garcia, Matsumoto, Pierick, Ward voting no (4) and Representative(s) Holt excused (1). |
| 2024-05-01 | House | House agrees to Senate amendment(s). |
| 2024-04-26 | House | Deferred one day 05-01-24. |
| 2024-04-25 | House | Deferred one day 04-26-24. |
| 2024-04-25 | Senate | Received notice of House reconsideration of action in disagreeing to the amendments proposed by the Senate (Hse. Com. No. 811). |
| 2024-04-23 | House | Reconsideration of action taken on 04-11-24. |
| 2024-04-12 | Senate | Received notice of disagreement (Hse. Com. No. 731). |
| 2024-04-11 | House | House disagrees with Senate amendment (s). |
| 2024-04-09 | House | Returned from Senate (Sen. Com. No. 599) in amended form (SD 1). |
| 2024-04-09 | Senate | Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House. |
| 2024-04-04 | Senate | 48 Hrs. Notice 04-09-24. |
| 2024-04-04 | Senate | Report adopted; Passed Second Reading, as amended (SD 1). |
| 2024-04-04 | Senate | Reported from CPN (Stand. Com. Rep. No. 3646) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. |
| 2024-03-20 | Senate | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Awa. |
| 2024-03-15 | Senate | The committee(s) on CPN has scheduled a public hearing on 03-20-24 9:30AM; CR 229 & Videoconference (Proposed Draft). |
| 2024-03-07 | Senate | Referred to CPN. |
| 2024-03-01 | Senate | Passed First Reading. |
| 2024-03-01 | Senate | Received from House (Hse. Com. No. 48). |
| 2024-02-29 | House | Passed Third Reading with none voting aye with reservations; Representative(s) Garcia, Pierick, Ward voting no (3) and Representative(s) Cochran, Holt excused (2). Transmitted to Senate. |
| 2024-02-29 | House | Reported from FIN (Stand. Com. Rep. No. 710-24), recommending passage on Third Reading. |
| 2024-02-22 | House | The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Poepoe, Takenouchi, Alcos; Ayes with reservations: Representative(s) Ward; Noes: none; and 2 Excused: Representative(s) Cochran, Nishimoto. |
| 2024-02-20 | House | Bill scheduled to be heard by FIN on Thursday, 02-22-24 10:00AM in House conference room 308 VIA VIDEOCONFERENCE. |
| 2024-02-16 | House | Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Aiu, Garrett, Perruso, Takayama, Todd excused (5). |
| 2024-02-16 | House | Reported from CPC (Stand. Com. Rep. No. 585-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN. |
| 2024-02-13 | House | The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Onishi, Tam; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Gates, Lowen, Pierick. |
| 2024-02-09 | House | Bill scheduled to be heard by CPC on Tuesday, 02-13-24 2:05PM in House conference room 329 VIA VIDEOCONFERENCE. |
| 2024-01-26 | House | Referred to CPC, FIN, referral sheet 3 |
| 2024-01-24 | House | Introduced and Pass First Reading. |
| 2024-01-22 | House | Pending introduction. |
Same As/Similar To
SB3083 (Same As) 2024-06-24 - Act 084, 06/21/2024 (Gov. Msg. No. 1185).
Subjects
Captive Insurers
Insurance Code
Producers
Reinsurance Intermediary-Managers
Reinsurers
Surety Bond
Third Party Administrators
Trade Name
Insurance Code
Producers
Reinsurance Intermediary-Managers
Reinsurers
Surety Bond
Third Party Administrators
Trade Name
