HI SB3081 | 2024 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 24 2024 - 25% progression, died in committee
Action: 2024-02-16 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
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" 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. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. (SD1)

Tracking Information

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Title

Relating To Insurance.

Sponsors


Roll Calls

2024-02-09 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 4 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-02-16SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2024-02-16SenateReported from CPN (Stand. Com. Rep. No. 2673) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2024-02-09SenateThe 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, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards.
2024-02-02SenateThe committee(s) on CPN has scheduled a public hearing on 02-09-24 9:30AM; CR 229 & Videoconference.
2024-01-26SenateReferred to CPN, WAM.
2024-01-24SenatePassed First Reading.
2024-01-24SenateIntroduced.

Same As/Similar To

HB2392 (Same As) 2024-02-16 - 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).

Subjects


Hawaii State Sources


Bill Comments

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