STAND. COM. REP. NO. 3044

Honolulu, Hawaii

RE: S.B. No. 2913

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2024

State of Hawaii

Sir:

Your Committees on Ways and Means and Judiciary, to which was referred S.B. No. 2913, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO TRAVEL INSURANCE,"

beg leave to report as follows:

The purpose and intent of this measure is to establish a regulatory framework for the sale of travel insurance in the State.

Your Committees received written comments in support of this measure from Allianz Global Assistance Service Company, American Property Casualty Insurance Association, Hawaii Insurers Council, and United States Travel Insurance Association.

Your Committees received written comments in opposition to this measure from one individual.

Your Committees received written comments on this measure from the Department of Commerce and Consumer Affairs.

Your Committees find that the provisions of this measure closely mirror a model regulatory framework that has been adopted by thirty-five other states. Your Committees believe that adopting a regulatory framework for the sale of travel insurance in the State that is substantially similar to the widely adopted model framework will help to benefit consumers, empower regulators, ensure that the travel insurance marketplace is operated fairly, and provide increased clarity to the application of the State's insurance regulations.

As affirmed by the records of votes of the members of your Committees on Ways and Means and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 2913, S.D. 1, and recommend that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committees on Ways and Means and Judiciary,

________________________________ KARL RHOADS, Chair

________________________________ DONOVAN M. DELA CRUZ, Chair