HB 2394 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", sets out a procedure to apply for a certificate of dormancy, and exempts certified dormant captive insurance companies from certain tax and reporting requirements. Includes in the term "trade name", names under which individuals or business entities are conducting business or doing business as. 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. (SD1)

Bill status signed all 5 stages cleared

Introduction

Jan 2024

Committee Review

Mar 2024

House Passage

May 2024

Senate Passage

Apr 2024

Signed into Law

Jun 2024

Introduced Jan 22, 2024 Signed Jun 24, 2024

Floor votes

How they voted

This bill passed the Senate. No roll call record of that vote is available.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 1, 2024

Lower · Passed

Passed Final Reading as amended in SD 1 with none voting aye with reservations; Representative(s) Garcia, Matsumoto, Pierick, Ward voting no (4) and Representative(s) Holt excused (1).

lower

May 1, 2024

Introduced

House agrees to Senate amendment(s).

lower

Apr 11, 2024

Amended

House disagrees with Senate amendment (s).

lower

Apr 9, 2024

Introduced

Returned from Senate (Sen. Com. No. 599) in amended form (SD 1).

lower

Apr 9, 2024

Upper · Passed

Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none . Noes, 0 (none). Excused, 1 (Senator(s) Ihara). Transmitted to House.

upper

Mar 20, 2024

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Awa.

upper

Mar 15, 2024

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 03-20-24 9:30AM; CR 229 & Videoconference (Proposed Draft).

upper

Mar 7, 2024

Committee

Referred to CPN.

upper

Mar 1, 2024

Introduced

Received from House (Hse. Com. No. 48).

upper

Feb 29, 2024

Lower · Passed

Passed Third Reading with none voting aye with reservations; Representative(s) Garcia, Pierick, Ward voting no (3) and Representative(s) Cochran, Holt excused (2). Transmitted to Senate.

lower

Feb 22, 2024

Lower · Passed

The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Poepoe, Takenouchi, Alcos; Ayes with reservations: Representative(s) Ward; Noes: none; and 2 Excused: Representative(s) Cochran, Nishimoto.

lower

Feb 16, 2024

Committee

Reported from CPC (Stand. Com. Rep. No. 585-24) 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