SB 1077 Hawaii Senate · 2018 Regular Session

RELATING TO INSURANCE.

Summary

Clarifies that a mutual benefit society shall maintain a minimum net worth calculated based on gross annual premium revenues and gross annual health care expenditures. Requires gross annual premium revenues and gross annual health care expenditures to be reduced by the total amount ceded to reinsurers, provided that the reinsurance credit complies with credit for reinsurance requirements. (SB1077 HD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2017

Committee Review

Mar 2017

Senate Passage

Mar 2017

House Passage

Governor

Introduced Jan 25, 2017 Last action Nov 30, 2017

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 24, 2017

Committee

Reported from CPC (Stand. Com. Rep. No. 1323) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Mar 22, 2017

Lower · Passed

The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 6 Ayes: Representative(s) Takumi, Ito, Say, Takayama, Todd, Yamane; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Ichiyama, Aquino, Fukumoto.

lower

Mar 9, 2017

Committee

Referred to CPC, FIN, referral sheet 27

lower

Mar 7, 2017

Introduced

Received from Senate (Sen. Com. No. 338) in amended form (SD 1).

lower

Mar 7, 2017

Upper · Passed

Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Mar 1, 2017

Upper · Passed

The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 5 Aye(s): Senator(s) Baker, Nishihara, S. Chang, Espero, Kidani; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Ihara, Ruderman.

upper

Feb 27, 2017

Upper · Passed

The committee(s) on CPH deferred the measure until 03-01-17 10:00AM in conference room 229.

upper

Feb 17, 2017

Upper · Passed

The committee(s) on CPH has scheduled a public hearing on 02-27-17 9:30AM in conference room 229.

upper

Jan 27, 2017

Committee

Referred to CPH.

upper

Jan 25, 2017

Introduced

Introduced.

upper

6 primary · 0 co-sponsors