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Report Title: Captive Insurance Companies
Description: Amends the frequency of statutorily required captive insurance company examinations from once every three years to once every five years, unless otherwise required by the Insurance Commissioner. Requires risk retention captive insurance companies to undergo examination within three years of formation. Eliminates reference to a repealed provision on minimum surplus requirements for captive insurance companies. Requires protected cell accounts established by sponsored captive insurance companies to be operated only under the forms of business organizations authorized by the Insurance Commissioner.
Package: None
Current Referral: CPN
Introducer(s): HERKES

Sort by Date Status Text
1/21/2010HPending introduction.
1/22/2010HIntroduced and Pass First Reading.
1/22/2010HReferred to CPC, referral sheet 4
1/27/2010HBill scheduled to be heard by CPC on Monday, 02-01-10 2:00 pm in House conference room 325.
2/1/2010HThe committees on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 9 Ayes: Representative(s) Herkes, Wakai, Cabanilla, Luke, Mizuno, Morita, Souki, Tsuji, Thielen; Ayes with reservations: none; Noes: none; and 6 Excused: Representative(s) Belatti, Carroll, Ito, Karamatsu, McKelvey, Marumoto.
2/16/2010HReported from CPC (Stand. Com. Rep. No. 409-10), recommending passage on Second Reading and placement on the calendar for Third Reading.
2/16/2010HPassed Second Reading; placed on the calendar for Third Reading with none voting no (0) and Belatti, Bertram, Carroll, Choy, Evans excused (5).
2/17/2010HPassed Third Reading with none voting no (0) and M. Oshiro excused (1). Transmitted to Senate.
2/18/2010SReceived from House (Hse. Com. No. 32).
2/18/2010SPassed First Reading.
2/26/2010SReferred to CPN.

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

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CPC 325 2/01/2010 2:00 PM View