Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1131
                                        S.D. 1

Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii


     Your Committee on Ways and Means, to which was referred S.B.
No. 1131 entitled: 


begs leave to report as follows:

     The purpose of this bill is increase mandatory insurer
contributions to the Insurance Examiners Revolving Fund and to
remove the sunset date applicable to the fund, thereby making it

     This measure increases from $550 to $800 the amount each
authorized insurer must contribute to the Insurance Examiner's
Revolving Fund.  These funds allow the Insurance Division of the
Department of Commerce and Consumer Affairs to conduct
examinations within the industry.  The increase in contributions
will allow the Insurance Division to meet added expenses and
become more self-supporting and less dependent on general funds.

     This bill also repeals the sunset date for the fund and
certain accreditation requirements by the National Association of
Insurance Commissioners.

     Your Committee has amended the effective date to June 29,
1999, to deactivate the transfer of funds from the Insurance

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                                   STAND. COM. REP. NO. 683
                                   Page 2

Examiners Revolving Fund to the general fund and made other
technical, nonsubstantive amendments.

     As affirmed by the record of votes of the members of your
Committee on Ways and Means that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
1131, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as S.B. No. 1131, S.D. 1.

                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,

                                 CAROL FUKUNAGA, Co-Chair

                                 ANDREW LEVIN, Co-Chair

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