STAND. COM. REP. NO.1152-02
RE: S.B. No. 2721
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Finance, to which was referred S.B. No. 2721, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO DENTAL INSURANCE,"
begs leave to report as follows:
The purpose of this bill is to continue the protection of Hawaii's consumers from insolvent dental insurers by:
(1) Extending for one year the Insurance Commissioner's authority to examine and supervise, rehabilitate, or liquidate insolvent dental insurers; and
(2) Allow actions brought pursuant to this authority to be concluded even after the law has been repealed.
The Hawaii Medical Service Association and Hawaii Dental Service submitted testimony in support of this bill. The Insurance Commissioner submitted testimony in support of this bill and proposed amendments.
Your Committee has amended this bill by:
(1) Changing the effective date to June 30, 2002; and
(2) Making technical, nonsubstantive amendments for purposes of style and clarity.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2721, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2721, S.D. 1, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
DWIGHT Y. TAKAMINE, Chair