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SB1077 SD1 HD1    Pdf File  
Measure Title: RELATING TO INSURANCE.
Report Title: Mutual Benefit Societies; Minimum Net Worth; Requirements
Description: Clarifies that a mutual benefit society shall maintain a minimum net worth calculated based on gross annual premium revenues and gross annual health care expenditures. Requires gross annual premium revenues and gross annual health care expenditures to be reduced by the total amount ceded to reinsurers, provided that the reinsurance credit complies with credit for reinsurance requirements. (SB1077 HD1)
Companion:  HB917
Package: None
Current Referral: CPC, FIN
Introducer(s): BAKER, S. Chang, English, Espero, Ihara, Keith-Agaran, Nishihara, Taniguchi
Act:

Sort by Date Status Text
3/24/2017HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Aquino, DeCoite, Har, Ichiyama, C. Lee, Thielen excused (6).
3/24/2017HReported from CPC (Stand. Com. Rep. No. 1323) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/22/2017HThe committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Takumi, Ito, Say, Takayama, Todd, Yamane; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Ichiyama, Aquino, Fukumoto.
3/17/2017HBill scheduled to be heard by CPC on Wednesday, 03-22-17 2:00PM in House conference room 329.
3/9/2017HReferred to CPC, FIN, referral sheet 27
3/9/2017HPass First Reading
3/7/2017HReceived from Senate (Sen. Com. No. 338) in amended form (SD 1).
3/7/2017SPassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/3/2017S48 Hrs. Notice 03-07-17.
3/3/2017SReport adopted; Passed Second Reading, as amended (SD 1).
3/3/2017SReported from CPH (Stand. Com. Rep. No. 703) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
3/1/2017SThe committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 5 Aye(s): Senator(s) Baker, Nishihara, S. Chang, Espero, Kidani; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Ihara, Ruderman.
2/27/2017SThe committee(s) on CPH deferred the measure until 03-01-17 10:00AM in conference room 229.
2/17/2017SThe committee(s) on CPH has scheduled a public hearing on 02-27-17 9:30AM in conference room 229.
1/27/2017SReferred to CPH.
1/25/2017SPassed First Reading.
1/25/2017SIntroduced.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB1077 SD1 HD1
All Versions of this Measure
SB1077_SD1 Pdf File
SB1077_HD1 Pdf File
SB1077 Pdf File

Committee Reports
SB1077_SD1_SSCR703_ Pdf File
SB1077_HD1_HSCR1323_ Pdf File

Testimony
SB1077_TESTIMONY_CPH_02-27-17
SB1077_SD1_TESTIMONY_CPC_03-22-17_

Hearing Notices
CPH
2/27/17 9:30A
229
CPH
3/01/17 10:00A
229
CPC
3/22/17 2:00P
329