STAND. COM. REP. NO. 1207-12
RE: S.B. No. 2655
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Sixth State Legislature
Regular Session of 2012
State of Hawaii
Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 2655, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO PORTABLE ELECTRONICS INSURANCE,"
begs leave to report as follows:
After careful consideration, your Committee has amended this bill by:
(1) Requiring that in the event an insurer terminates or otherwise changes the terms and conditions of a policy of portable-electronics insurance:
(A) A vendor and enrolled customers must be provided at least 60 days' notice before the change takes effect; and
(B) The insurer must pay to the enrolled customer at least ten percent of the monthly insurance policy premium paid by the enrolled customer;
(2) Changing the effective date to January 1, 3000, to encourage further discussion; and
(3) Making technical, nonsubstantive amendments for purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2655, S.D. 2, H.D. 1, as amended herein, and recommends that it be referred to the Committee on Finance in the form attached hereto as S.B. No. 2655, S.D. 2, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
ROBERT N. HERKES, Chair