RELATING TO THE CODE OF FINANCIAL INSTITUTIONS.

Proposes provisions to address the power of the Commissioner of Financial Institutions to expedite emergency applications and to subpoena witnesses. Establishes new fee to enable the Division of Financial Institutions to recover costs incurred in responding to requests by the public to search, review, or segregate the records.

RELATING TO ESCROW DEPOSITORIES.

Recognizes the confidentiality of portions of escrow depository company applications and records. Provides procedures to close a branch office and revise procedures to voluntarily terminate escrow depository operations. And allows the Commissioner to establish new fees by rule.

RELATING TO REAL ESTATE BROKERS.

Provides for reasonable experience requirements for real estate broker candidates, streamlines regulatory requirements for condominium hotel operators, and clarifies the requirement of fidelity bond information for condominium managing agents.

RELATING TO THE CONVERSION OF PROFESSIONAL AND VOCATIONAL LICENSES.

Allows professional and vocational licenses of business entities to be converted when the underlying entity has been converted or merged to form a new entity.

RELATING TO MORTGAGE BROKER LICENSING.

Proposes amendments to the mortgage broker and solicitor licensing law.

RELATING TO RENEWAL REQUIREMENTS OF THE BOARD OF MEDICAL EXAMINERS.

Provides for a streamlined license renewal process for medical professionals.

RELATING TO ARCHITECTS.

Proposes revisions to applicant testing and licensure.

RELATING TO INSURANCE.

Adds an option to the net worth requirements of mutual benefit societies and health maintenance organizations by providing another net worth component that requires a minimum net worth of three times the average of monthly net claims paid during the past calendar year be maintained by affected societies and organizations.

RELATING TO LIMITING HURRICANE PROPERTY INSURANCE RISK.

Requires risks among hurricane property insurers to be spread as much as possible so that in case of a catastrophic event, the financial health of these insurers are minimally exposed.

RELATING TO INSURANCE.

Corrects the incorrect cross references and clarifies consumer notice requirements to ease compliance with and enforcement of the new replacements law.

RELATING TO CONTINUING EDUCATION COURSES AND COURSE PROVIDERS FOR INSURANCE LICENSEES.

Allows the Department to assess fees for the approval of courses and providers of continuing education credits required for insurance licensees.

RELATING TO INSURANCE.

Clarifies bond and errors and omissions insurance policy requirements for managing general agents and reinsurance intermediary managers.

RELATING TO THE HAWAII HURRICANE RELIEF FUND.

Gives the Hawaii Hurricane Relief Fund board of directors the power to suspend special mortgage recording fees that are imposed on all mortgages filed with the Bureau of Conveyances. Extends the authorization to issue reimbursable general obligation bonds.

RELATING TO CONSUMER PROTECTIONS FOR DEPOSITORY INSTITUTION SALES OF INSURANCE.

Provides greater consumer protection in retail sales of insurance products and annuities by depository institutions or by persons engaged in sales activities.

RELATING TO BUSINESS REGISTRATION.

Updates Hawaii's business registration laws to reflect modern business practices.

RELATING TO LIMITED LIABILITY PARTNERSHIPS.

Updates limited liability partnership statutory provisions.

RELATING TO PRESCIPTION DRUGS.

Allows for electronic recordkeeping by drug dispensers and for electronic prescriptions from practitioners to dispensers.

RELATING TO SUBSTANCE ABUSE TREATMENT INSURANCE BENEFITS.

Eliminates substance abuse counselor certification requirements for certain licensed professionals, i.e., physicians, psychologists, advanced practice registered nurses, and clinical social workers, for health insurance reimbursement purposes.

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Rep. Kenneth T. Hiraki