2024 Archives
You are viewing archived information from 2024
| Measure Title: |
RELATING TO INSURANCE.
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| Report Title: |
Insurance Code; Health Insurance Administrator; Captive Insurers; Producers; Trade Name; Third Party Administrators; Surety Bond; Reinsurance Intermediary-Managers; Unfair Methods of Competition; Unfair and Deceptive Acts and Practices; Reinsurers; Non-Insurance Benefits
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| Description: |
Amends various provisions of title 24 of the Hawaii Revised Statutes (HRS) to update and improve existing provisions. Adds a Health Insurance Administrator deputy commissioner position. Defines "dormant captive insurance company" and sets out a procedure to apply for the certificate of dormancy. Adds the term "doing business as" to "trade name" statutory references. Clarifies continuing education provider filing requirements. Clarifies reinsurance intermediary-manager filing requirements. Amends the surety bond threshold requirement for third party administrators and clarifies the audited financial statements requirements. Adopts revised National Association of Insurance Commissioners Model #880 Unfair Trade Practices Act regarding expansion of value-added products beyond health products. Aligns section 431:13-103 with changes made to article 9 of chapter 431 by Act 110, Session Laws of Hawaii 2021. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies.
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| Companion: |
SB1324
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| Package: |
Governor
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| Current Referral: |
CPC, FIN
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| Introducer(s): |
SAIKI (Introduced by request of another party)
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| Act: |
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| Sort by Date | | Status Text |
| 12/11/2023 | D | Carried over to 2024 Regular Session. |
| 1/30/2023 | H | Referred to CPC, FIN, referral sheet 3 |
| 1/25/2023 | H | Introduced and Pass First Reading. |
| 1/23/2023 | H | Pending introduction. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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HB1026
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