Report Title: Insurance; Captive Insurance; Examination Exemption; Insurance Commissioner; Participants; Protected Cells
Description: Requires sponsored captive insurance companies to maintain separate protected cells for separate participant contracts. Authorizes captive insurance companies to apply for an exemption from examination from the insurance commissioner; provided that certain conditions are met. Requires protected cells established by sponsored captive insurance companies to be approved by the insurance commissioner. Authorizes sponsored captive insurance companies to establish and maintain protected cells to insure risks of parties unaffiliated with a participant under certain circumstances. Requires a participant, through a sponsored captive insurance company, to insure only risks approved by the insurance commissioner. Effective 7/1/2050. (HD1)
Package: None
Current Referral: CPC, FIN

Sort by Date Status Text
3/29/2023HThe committee(s) on FIN recommend(s) that the measure be deferred.
3/27/2023HBill scheduled to be heard by FIN on Wednesday, 03-29-23 3:00PM in House conference room 308 VIA VIDEOCONFERENCE.
3/21/2023HPassed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1).
3/21/2023HReported from CPC (Stand. Com. Rep. No. 1378) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
3/16/2023HThe committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Gates, Lowen, Onishi, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
3/10/2023HBill re-scheduled to be heard by on Thursday, 03-16-23 2:30PM in conference room 329 VIA VIDEOCONFERENCE.
3/10/2023HBill scheduled to be heard by CPC on Thursday, 03-16-23 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
3/9/2023HReferred to CPC, FIN, referral sheet 17
3/9/2023HPass First Reading
3/7/2023HReceived from Senate (Sen. Com. No. 168) in amended form (SD 1).
3/7/2023SPassed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) Fevella. Noes, 0 (none). Excused, 1 (Senator(s) Fukunaga). Transmitted to House.
3/3/2023S48 Hrs. Notice 03-07-23.
3/3/2023SReport adopted; Passed Second Reading, as amended (SD 1).
3/3/2023SReported from CPN (Stand. Com. Rep. No. 812) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2/23/2023SThe 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.
2/17/2023SThe committee(s) on CPN will hold a public decision making on 02-23-23 10:01AM; Conference Room 229 & Videoconference.
1/31/2023SThe committee on CPN deferred the measure.
1/27/2023SThe committee(s) on CPN has scheduled a public hearing on 01-31-23 9:05AM; Conference Room 229 & Videoconference.
1/25/2023SReferred to CPN.
1/20/2023SPassed First Reading.

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

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SB434 SD1 HD1
All Versions of this Measure
Hearing Notices
1/31/23 9:05A
CR 229 & Videoconference
2/23/23 10:01A
CR 229 & Videoconference
3/16/23 2:30P
3/29/23 3:00P