THE SENATE

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2004

COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND HOUSING

Senator Ron Menor, Chair

Senator Rosalyn H. Baker, Vice Chair

MEASURES DEFERRED TO TUESDAY, FEBRUARY 17, 2004

TIME:

9:00 am

PLACE:

Conference Room 016

State Capitol

415 South Beretania Street

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from Monday, February 9, 2004)

SB 2886

RELATING TO INSURANCE.

Continues the updating and revision of the State's insurance laws.

CPH

SB 2887

RELATING TO INTERSTATE INSURANCE COMPACT.

Adopts the National Association of Insurance Commissioners' Interstate Insurance Compact while exempting long term care insurance from the provisions of the compact.

CPH, WAM

SB 3225

RELATING TO ARBITRATION.

Allows the award of fees and costs when there is a confirmation of an arbitration award.

CPH, JHW

SB 2708

RELATING TO EXEMPTING ROTH INDIVIDUAL RETIREMENT ACCOUNTS FROM ATTACHMENT OR SEIZURE.

Extends the same protection from creditor claims that regular IRAs have to Roth individual retirement accounts.

CPH, JHW

SB 3049

RELATING TO CHARITABLE ANNUITIES.

Allows local charities to raise funds through the issuance of gift annuities by repealing the requirement that a nonprofit organization authorized to issue annuities have a net worth of $5,000,000, requiring such organizations to maintain a segregated reserve fund sufficient for the payment of annuities attributable to the fund that is otherwise inaccessible to the organization and creditors, and subjecting annuity financing and investments to regulation by the Insurance Commissioner.

CPH, WAM

SB 3005

RELATING TO THE HAWAII CATASTROPHIC RELIEF FUND.

Establishes a Hawaii catastrophic relief fund (HCRF) to provide reinsurance for the risksSB 3228 of catastrophic events in Hawaii and to mitigate the impact of a catastrophic or emergency condition in Hawaii; repeals the Hawaii Hurricane Relief Fund (HHRF) ; transfers monies from HHRF to HCRF.

CPH, WAM

SB 3228

RELATING TO EMERGENCY RELIEF FOR NATURAL DISASTERS.

Allows the governor, upon advice of the State civil defense, to authorize the immediate release of up to ten per cent of the Hawaii hurricane relief fund or the emergency and budget reserve fund, or both, for emergency assistance to residents and businesses for damages sustained from natural disasters.

CPH, WAM

     

 

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6740.