Measure Title: RELATING TO INSURANCE.
Report Title: Insurance Code; 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
Description: Amends various provisions of title 24 of the Hawaii Revised Statutes (HRS) to update and improve existing provisions. 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, HRS, 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. Effective 7/1/2050. (SD1)
Companion:  HB1026
Package: Governor
Current Referral: CPN, WAM
Introducer(s): KOUCHI (Introduced by request of another party)
Act:

Sort by Date Status Text
12/11/2023DCarried over to 2024 Regular Session.
2/17/2023SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/17/2023SReported from CPN (Stand. Com. Rep. No. 584) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
2/9/2023SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 0 Excused: none.
2/3/2023SThe committee(s) on CPN has scheduled a public hearing on 02-09-23 9:31AM; Conference Room 229 & Videoconference.
1/30/2023SReferred to CPN, WAM.
1/25/2023SPassed First Reading.
1/25/2023SIntroduced.

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

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SB1324 SD1
All Versions of this Measure
SB1324_SD1 Pdf File
SB1324 Pdf File
Committee Reports
SB1324_SD1_SSCR584_ Pdf File
Testimony
SB1324_TESTIMONY_CPN_02-09-23_
Hearing Notices
CPN
2/09/23 9:31A
CR 229 & Videoconference