REPORT TITLE:
Insurance


DESCRIPTION:
Requires that the consent of Insurance Commissioner must be
obtained before a person who has been convicted of a felony may
engage in the business of insurance.  (HB2474 HD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        2474
HOUSE OF REPRESENTATIVES                H.B. NO.           H.D. 1
TWENTIETH LEGISLATURE, 2000                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO INSURANCE.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Chapter 431, Hawaii Revised Statutes, is amended
 
 2 by adding to article 2 a new section to be appropriately
 
 3 designated and to read as follows:
 
 4      "431:2-    Criminal convictions.  (a)  Any person who is
 
 5 engaged in the business of insurance or who is about to engage in
 
 6 the business of insurance in this State and who has been
 
 7 convicted of any felony shall request the commissioner's written
 
 8 consent to engage in the business of insurance.
 
 9      (b)  After receipt of the request, the commissioner, in
 
10 writing, may:
 
11      (1)  Consent to the person engaging in the business of
 
12           insurance;
 
13      (2)  Provide a limited consent; or
 
14      (3)  Deny the individual the privilege of engaging in the
 
15           business of insurance.
 
16      (c)  Any person who fails to submit the request as required
 
17 by this section and who engages in the business of insurance
 
18 without the written consent of the commissioner shall be in
 
19 violation of this chapter and subject to the fines and penalties
 
20 provided under this chapter.
 

 
Page 2                                                     2474
                                     H.B. NO.           H.D. 1
                                                        
                                                        

 
 1      (d)  The commissioner may prescribe the format and content
 
 2 of the form used to request the commissioner's written consent to
 
 3 engage in the business of insurance."
 
 4      SECTION 2.  New statutory material is underscored.
 
 5      SECTION 3.  This Act shall take effect upon its approval.