SB 3081 Hawaii Senate · 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. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2024

Committee Review

Floor Vote

Governor

Introduced Jan 24, 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 CPN (Stand. Com. Rep. No. 2673) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 9, 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, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards.

upper

Feb 2, 2024

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-09-24 9:30AM; CR 229 & Videoconference.

upper

Jan 26, 2024

Committee

Referred to CPN, WAM.

upper

Jan 24, 2024

Introduced

Introduced.

upper

1 primary · 0 co-sponsors