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Ka 'Aha'ōlelo Moku'āina 'O Hawai'i

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Measure details
Measure Title: RELATING TO INSURANCE.
Report Title: Insurance Commissioner; Captive Insurance Companies; Catastrophic Property and Casualty Risks; Authorization; Reports
Description: Authorizes captive insurance companies to underwrite, reinsure, or otherwise assume catastrophic property and casualty risks, subject to the approval and continuing supervision of the Insurance Commissioner. Allows the Commissioner to set certain minimum standards for captive insurance companies underwriting catastrophic property and casualty risk. Requires captive insurance companies underwriting catastrophic property and casualty risk to provide certain information in reports to the Commissioner. Effective 7/1/2050. (SD1)
Companion:
Package: None
Current Referral: CPC
Introducer(s): MCKELVEY, CHANG, FUKUNAGA
Act:

Measure Status History

Sort by Date
DateChamberStatus Text
3/12/2026HReferred to CPC, referral sheet 17
3/12/2026HPass First Reading
3/10/2026HReceived from Senate (Sen. Com. No. 324) in amended form (SD 1).
3/10/2026SPassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/5/2026S48 Hrs. Notice 3/10/2026.
3/5/2026SReport adopted; Passed Second Reading, as amended (SD 1).
3/5/2026SReported from CPN (Stand. Com. Rep. No. 2796) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2/25/2026SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/20/2026SThe committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference.
1/30/2026SReferred to CPN.
1/26/2026SPassed First Reading.
1/23/2026SIntroduced.

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All Versions of this Measure

Committee Reports

Hearing Notices

CPN
2/25/26 9:32A
CR 229 & Videoconference