Bill Text: HI SB1279 | 2012 | Regular Session | Amended

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Bill Title: Insurance

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [SB1279 Detail]

Download: Hawaii-2012-SB1279-Amended.html

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STAND. COM. REP. NO.  1046

 

Honolulu, Hawaii

                , 2011

 

RE:   S.B. No. 1279

      S.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred S.B. No. 1279, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO INSURANCE,"

 

beg leave to report as follows:

 

     The purpose of this bill is to adopt amendments to the Insurance Code to comply with the federal Nonadmitted and Reinsurance Reform Act of 2010 relating to surplus lines insurance and to enable the Insurance Commissioner to enter into a multistate compact to recoup taxes and fees from surplus lines insurers.

 

     The Department of Commerce and Consumer Affairs testified in support of this bill.  The National Association of Professional Surplus Lines Offices provided comments.

 

     As affirmed by the records of votes of the members of your Committees on Consumer Protection & Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 1279, S.D. 1, and recommend that it pass Second Reading and be referred to the Committee on Finance.

 

 

 

 

Respectfully submitted on behalf of the members of the Committees on Consumer Protection & Commerce and Judiciary,

 

 

____________________________ GILBERT KEITH-AGARAN, Chair		____________________________ ROBERT N. HERKES, Chair