HI SB434 | 2024 | Regular Session

Note: Carry Over of previous SB434

Status

Spectrum: Partisan Bill (Democrat 5-0)
Status: Engrossed on March 7 2023 - 50% progression, died in committee
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

Summary

Requires sponsored captive insurance companies to maintain separate protected cells for separate participant contracts. Authorizes captive insurance companies to apply for an exemption from examination from the insurance commissioner; provided that certain conditions are met. Requires protected cells established by sponsored captive insurance companies to be approved by the insurance commissioner. Authorizes sponsored captive insurance companies to establish and maintain protected cells to insure risks of parties unaffiliated with a participant under certain circumstances. Requires a participant, through a sponsored captive insurance company, to insure only risks approved by the insurance commissioner. Effective 7/1/2050. (HD1)

Tracking Information

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Title

Relating To Insurance.

Sponsors


Roll Calls

2023-02-23 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 4 N: 1 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-12-11 Carried over to 2024 Regular Session.
2023-03-29HouseThe committee(s) on FIN recommend(s) that the measure be deferred.
2023-03-27HouseBill scheduled to be heard by FIN on Wednesday, 03-29-23 3:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2023-03-21HousePassed 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) Quinlan excused (1).
2023-03-21HouseReported from CPC (Stand. Com. Rep. No. 1378) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2023-03-16HouseThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Gates, Lowen, Onishi, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
2023-03-10HouseBill re-scheduled to be heard by on Thursday, 03-16-23 2:30PM in conference room 329 VIA VIDEOCONFERENCE.
2023-03-10HouseBill scheduled to be heard by CPC on Thursday, 03-16-23 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
2023-03-09HouseReferred to CPC, FIN, referral sheet 17
2023-03-09HousePass First Reading
2023-03-07HouseReceived from Senate (Sen. Com. No. 168) in amended form (SD 1).
2023-03-07SenatePassed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) Fevella. Noes, 0 (none). Excused, 1 (Senator(s) Fukunaga). Transmitted to House.
2023-03-03Senate48 Hrs. Notice 03-07-23.
2023-03-03SenateReport adopted; Passed Second Reading, as amended (SD 1).
2023-03-03SenateReported from CPN (Stand. Com. Rep. No. 812) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2023-02-23SenateThe 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, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 0 Excused: none.
2023-02-17SenateThe committee(s) on CPN will hold a public decision making on 02-23-23 10:01AM; Conference Room 229 & Videoconference.
2023-01-31SenateThe committee on CPN deferred the measure.
2023-01-27SenateThe committee(s) on CPN has scheduled a public hearing on 01-31-23 9:05AM; Conference Room 229 & Videoconference.
2023-01-25SenateReferred to CPN.
2023-01-20SenatePassed First Reading.
2023-01-20SenateIntroduced.

Same As/Similar To

SB434 (Carry Over) 2023-03-29 - The committee(s) on FIN recommend(s) that the measure be deferred.

Subjects


Hawaii State Sources


Bill Comments

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