Bill Text: HI HB1439 | 2010 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

---

Bill Title: Life Settlements; Life Insurance

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Enrolled - Dead) 2010-04-12 - (S) Received notice of appointment of House conferees (Hse. Com. No. 558). [HB1439 Detail]

Download: Hawaii-2010-HB1439-Amended.html

---

 

 

STAND. COM. REP. NO.  953

 

Honolulu, Hawaii

                , 2009

 

RE:   H.B. No. 1439

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2009

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1439, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO INSURANCE,"

 

begs leave to report as follows:

 

     The purpose of this bill is to make various amendments shaping the purpose and application of the Life Settlements Act which established consumer protections in life settlement transactions.

 

     Coventry supported this bill.  The Department of Commerce and Consumer Affairs, National Association of Insurance and Financial Advisors, and American Council of Life Insurers opposed this measure.

 

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1439, H.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ MARCUS R. OSHIRO, Chair