Bill Text: HI HB316 | 2012 | Regular Session | Amended

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Bill Title: Insurance; Insurance Producers; Record Requirements

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [HB316 Detail]

Download: Hawaii-2012-HB316-Amended.html

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STAND. COM. REP. NO.  620

 

Honolulu, Hawaii

                , 2011

 

RE:   H.B. No. 316

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 316 entitled:

 

"A BILL FOR AN ACT RELATING TO INSURANCE RECORDS,"

 

begs leave to report as follows:

 

     The purpose of this bill is to exempt insurance producers from specified recordkeeping requirements for motor vehicle and homeowners' insurance contracts when these records are customarily maintained in the insurer's offices.

 

     State Farm Insurance Companies supported this measure.  The Department of Commerce and Consumer Affairs opposed this measure.

 

     Based on agreement on compromise language by the stakeholders, your Committee amended this bill by adding an exemption for records maintained electronically and which are accessible by the producer and available within one business day.

 

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 316, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 316, H.D. 1, and be placed on the calendar for Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

 

 

		____________________________ ROBERT N. HERKES, Chair