| Measure Title: |
RELATING TO INSURANCE.
|
| Report Title: |
Insurance Code; Captive Insurers; Producers; Trade Name; Third Party Administrators; Surety Bond; Reinsurance Intermediary-Managers; Unfair Methods of Competition; Unfair and Deceptive Acts and Practices; Reinsurers; Non-Insurance Benefits
|
| Description: |
Amends various provisions of title 24 of the Hawaii Revised Statutes (HRS) to update and improve existing provisions. Adds the term "doing business as" to "trade name" statutory references. Clarifies continuing education provider filing requirements. Clarifies reinsurance intermediary-manager filing requirements. Amends the surety bond threshold requirement for third party administrators and clarifies the audited financial statements requirements. Adopts revised National Association of Insurance Commissioners Model #880 Unfair Trade Practices Act regarding expansion of value-added products beyond health products. Aligns section 431:13-103, HRS, with changes made to article 9 of chapter 431 by Act 110, Session Laws of Hawaii 2021. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. Effective 7/1/2050. (SD1)
|
| Companion: |
HB1026
|
| Package: |
Governor
|
| Current Referral: |
CPN, WAM
|
| Introducer(s): |
KOUCHI (Introduced by request of another party)
|
| Act: |
|
| Sort by Date | | Status Text |
| 2/17/2023 | S | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| 2/17/2023 | S | Reported from CPN (Stand. Com. Rep. No. 584) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 2/9/2023 | S | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards; Aye(s) with reservations: none ; 1 No(es): Senator(s) Awa; and 0 Excused: none. |
| 2/3/2023 | S | The committee(s) on CPN has scheduled a public hearing on 02-09-23 9:31AM; Conference Room 229 & Videoconference. |
| 1/30/2023 | S | Referred to CPN, WAM. |
| 1/25/2023 | S | Passed First Reading. |
| 1/25/2023 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB1324 SD1