Measure Title: RELATING TO INSURANCE.
Report Title: Insurance Code; Captive Insurers; Producers; Trade Name; Third Party Administrators; Surety Bond; Reinsurance Intermediary-Managers; Reinsurers
Description: Amends various provisions of the Insurance Code to update and improve existing provisions. Defines "dormant captive insurance company", sets out a procedure to apply for a certificate of dormancy, and exempts certified dormant captive insurance companies from certain tax and reporting requirements. Includes in the term "trade name", names under which individuals or business entities are conducting business or doing business as. 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. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. (SD1)
Companion:  SB3083
Package: Governor
Current Referral: CPN
Introducer(s): SAIKI (Introduced by request of another party)
Act:

Sort by Date Status Text
5/2/2024HTransmitted to Governor.
5/3/2024SReceived notice of House agreement and passage on Final Reading (Hse. Com. No. 829).
5/1/2024HPassed Final Reading as amended in SD 1 with none voting aye with reservations; Representative(s) Garcia, Matsumoto, Pierick, Ward voting no (4) and Representative(s) Holt excused (1).
5/1/2024HHouse agrees to Senate amendment(s).
4/26/2024HDeferred one day 05-01-24.
4/25/2024HDeferred one day 04-26-24.
4/25/2024SReceived notice of House reconsideration of action in disagreeing to the amendments proposed by the Senate (Hse. Com. No. 811).
4/23/2024HReconsideration of action taken on 04-11-24.
4/12/2024SReceived notice of disagreement (Hse. Com. No. 731).
4/11/2024HHouse disagrees with Senate amendment (s).
4/9/2024HReturned from Senate (Sen. Com. No. 599) in amended form (SD 1).
4/9/2024SPassed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.
4/4/2024S48 Hrs. Notice 04-09-24.
4/4/2024SReport adopted; Passed Second Reading, as amended (SD 1).
4/4/2024SReported from CPN (Stand. Com. Rep. No. 3646) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
3/20/2024SThe 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, Richards; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
3/15/2024SThe committee(s) on CPN has scheduled a public hearing on 03-20-24 9:30AM; CR 229 & Videoconference (Proposed Draft).
3/7/2024SReferred to CPN.
3/1/2024SPassed First Reading.
3/1/2024SReceived from House (Hse. Com. No. 48).
2/29/2024HPassed Third Reading with none voting aye with reservations; Representative(s) Garcia, Pierick, Ward voting no (3) and Representative(s) Cochran, Holt excused (2). Transmitted to Senate.
2/29/2024HReported from FIN (Stand. Com. Rep. No. 710-24), recommending passage on Third Reading.
2/22/2024HThe committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Poepoe, Takenouchi, Alcos; Ayes with reservations: Representative(s) Ward; Noes: none; and 2 Excused: Representative(s) Cochran, Nishimoto.
2/20/2024HBill scheduled to be heard by FIN on Thursday, 02-22-24 10:00AM in House conference room 308 VIA VIDEOCONFERENCE.
2/16/2024HPassed 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) Aiu, Garrett, Perruso, Takayama, Todd excused (5).
2/16/2024HReported from CPC (Stand. Com. Rep. No. 585-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2/13/2024HThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Onishi, Tam; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Gates, Lowen, Pierick.
2/9/2024HBill scheduled to be heard by CPC on Tuesday, 02-13-24 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
1/26/2024HReferred to CPC, FIN, referral sheet 3
1/24/2024HIntroduced and Pass First Reading.
1/22/2024HPending introduction.

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

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HB2394 HD1 SD1
All Versions of this Measure
HB2394_SD1 Pdf File
HB2394_SD1_PROPOSED Pdf File
HB2394_HD1 Pdf File
HB2394 Pdf File
Committee Reports
HB2394_HD1_HSCR585-24_ Pdf File
HB2394_HD1_HSCR710-24_ Pdf File
HB2394_SD1_SSCR3646_ Pdf File
Testimony
HB2394_TESTIMONY_CPC_02-13-24_
HB2394_HD1_TESTIMONY_FIN_02-22-24_
HB2394_HD1_TESTIMONY_CPN_03-20-24_
Hearing Notices
CPC
2/13/24 2:05P
329 VIA VIDEOCONFERENCE
FIN
2/22/24 10:00A
308 VIA VIDEOCONFERENCE
CPN
3/20/24 9:30A
CR 229 & Videoconference