RELATING TO INSURANCE.
Summary
Makes an appropriation for the Insurance Division of the Department of Commerce and Consumer Affairs, in collaboration with the University of Hawaiʻi, to procure expertise and develop a physical risk model to assess risk in the State for insurance ratemaking and regulatory purposes. Declares that the general fund expenditure ceiling is exceeded. Takes effect 7/1/2040. (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
8
Key actions
3
Committee
5
Feb 16, 2024
Committee
Reported from CPN/PSM (Stand. Com. Rep. No. 2594) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDC/WAM.
upper
Feb 7, 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, Richards; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
upper
Feb 7, 2024
Upper · Passed
The committee(s) on PSM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in PSM were as follows: 4 Aye(s): Senator(s) Wakai, Elefante, Fukunaga, Rhoads; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
upper
Feb 2, 2024
Upper · Passed
The committee(s) on CPN/PSM has scheduled a public hearing on 02-07-24 9:35AM; CR 229 & Videoconference.
upper
Jan 29, 2024
Committee
Referred to CPN/PSM, JDC/WAM.
upper
Jan 24, 2024
Introduced
Introduced.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Angus McKelvey
DDemocratic
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