HB 2392 Hawaii House · 2024 Regular Session

RELATING TO INSURANCE.

Summary

Amends various provisions of the Insurance Code to update and improve existing provisions. Defines "dormant captive insurance company" and sets out a procedure to apply for the certificate of dormancy. Adds the term "doing business as" to "trade name" statutory references. Clarifies continuing education provider filing requirements. Clarifies reinsurance intermediary-manager filing requirements. Amends the surety bond threshold requirement for third party administrators and clarifies the audited financial statements requirements. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. Effective 7/1/3000. (HD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2024

Committee Review

Floor Vote

Governor

Introduced Jan 22, 2024 Last action Feb 16, 2024

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 16, 2024

Committee

Reported from CPC (Stand. Com. Rep. No. 545-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

lower

Feb 13, 2024

Lower · Passed

The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Onishi, Tam; Ayes with reservations: none; Noes: none; and 3 Excused: Representative(s) Gates, Lowen, Pierick.

lower

Jan 26, 2024

Committee

Referred to CPC, FIN, referral sheet 3

lower

Jan 24, 2024

Introduced

Introduced and Pass First Reading.

lower

Jan 22, 2024

Introduced

Pending introduction.

lower

1 primary · 0 co-sponsors