STAND. COM. REP. NO. 934
RE: H.B. No. 273
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirtieth State Legislature
Regular Session of 2019
State of Hawaii
Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred H.B. No. 273 entitled:
"A BILL FOR AN ACT RELATING TO PRIVACY NOTICE FOR INSURANCE,"
beg leave to report as follows:
The purpose of this measure is to exempt an insurer from providing an annual privacy notice to all covered individuals if the insurer's privacy policies have not changed since the most recent notice and the only disclosures of personal financial information have been to contracted business service providers or regulatory and enforcement agencies that are obligated to preserve the privacy of the information.
Kaiser Permanente Hawaii, American Council of Life Insurers, American Property Casualty Insurance Association of America, National Association of Mutual Insurance Companies, and Hawaii Medical Service Association provided testimony in support of this measure. The Department of Commerce and Consumer Affairs and State Farm Mutual Automobile Insurance Company provided comments.
Your Committees have amended this measure by:
(1) Changing its effective date to July 1, 2050, to facilitate further discussion; and
(2) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the records of votes of the members of your Committees on Consumer Protection & Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of H.B. No. 273, as amended herein, and recommend that it pass Second Reading in the form attached hereto as H.B. No. 273, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committees on Consumer Protection & Commerce and Judiciary,
CHRIS LEE, Chair
ROY M. TAKUMI, Chair