STAND. COM. REP. NO. 578
RE: H.B. No. 894
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Ninth State Legislature
Regular Session of 2017
State of Hawaii
Your Committee on Intrastate Commerce, to which was referred H.B. No. 894 entitled:
"A BILL FOR AN ACT RELATING TO INSURANCE,"
begs leave to report as follows:
The purpose of this measure is to exempt individuals selling only insurance for property stored at a self-service storage facility from obtaining a license as an insurance producer provided that specific requirements are met.
Your Committee has amended this measure by:
(1) Specifying requirements for a person selling only insurance for property stored at a self-service storage facility including:
(A) That solicitation and written disclosure material given to customers are clearly marked "for informational purposes only";
(B) That the insurance provider shall be responsible for the person soliciting the stored property insurance; and
(C) A disclosure that solicitors are not licensed;
(2) Removing proposed language on written material given to consumers regarding insurance coverage benefits and terms and conditions;
(3) Changing the effective date to July 1, 2099, to promote further discussion; and
(4) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Intrastate Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 894, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 894, H.D. 1, and be referred to your Committee on Consumer Protection & Commerce.
Respectfully submitted on behalf of the members of the Committee on Intrastate Commerce,
TAKASHI OHNO, Chair