Bill Text: HI HB1459 | 2013 | Regular Session | Amended

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Bill Title: Captive Insurance

Spectrum: Partisan Bill (Democrat 10-0)

Status: (Engrossed - Dead) 2013-03-07 - Referred to CPN/JDL, WAM. [HB1459 Detail]

Download: Hawaii-2013-HB1459-Amended.html

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STAND. COM. REP. NO.  922

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 1459

      H.D. 2

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 1459, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO INSURANCE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the State to form the Hawaii Employer-Union Health Benefits Trust Fund Captive Insurance Company to more effectively manage the administration and financing of the current and potential future employee health benefit obligations of the State and county governments.

 

     The General Contractors Association testified in support of this measure.  The Department of Commerce and Consumer Affairs, Department of Budget and Finance, and the State Procurement Office provided comments on this measure.

 

     Your Committee notes that this measure, while well intended, is a work in progress.  Accordingly, other methods of addressing the current and potential future employee benefit obligations of the State and county governments should also be considered, including by conducting a feasibility study on the potential implementation of this measure. 

 

     Your Committee has amended this measure by:

 

     (1)  Specifying that this Act shall be known and may be referred to as the "Health Unfunded Liability Action or HULA Plan";

 

     (2)  Changing the effective date to July 1, 2030, to encourage further discussion; and

 

     (3)  Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

 

     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. 1459, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1459, H.D. 2.

 

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

 

 

		____________________________ SYLVIA LUKE, Chair