Hawaii Senate Bill 3081

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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]

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)

Relating To Insurance.

Sen. Ronald Kouchi [D]

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

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

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).

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3081&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB3081_.HTM
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB3081_SD1_.HTM
Roll Call	https://data.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=3081&year=2024