SB 1129 Hawaii Senate · 2025 Regular Session

RELATING TO INSURANCE.

Summary

Requires the Insurance Commissioner to convene a working group to identify, assess, and recommend certain risk transfer market mechanisms. Requires annual report to the Legislature. Appropriates funds. Effective 7/1/2050. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2025 Last action Feb 10, 2025

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What changed between versions

SB1129 → SB1129_SD1 · 4 edits

MODERATE

The bill was reformatted from a traditional legislative document into a structured data file format, with substantive changes including the addition of a funding appropriation section and a modified effective date. The working group's reporting timeline was changed from an unspecified annual report to a specific deadline of 20 days before each regular legislative session starting in 2026. The effective date of the entire act was moved from immediate approval to July 1, 2050.

Scope change

The bill's scope expanded to include explicit funding appropriations for the working group and established a specific reporting schedule for the Insurance Commissioner.

FISCAL

Added Section 2 appropriating funds from general revenues for the Insurance Commissioner to convene the working group for fiscal years 2025-2026 and 2026-2027.

REQUIREMENT

Changed the reporting requirement from an unspecified annual report to a specific deadline of 20 days prior to each regular legislative session, beginning with the 2026 session.

TIMELINE

Modified the effective date from upon approval to July 1, 2050.

TECHNICAL

Converted the document from a traditional legislative text format to a structured data file format with metadata headers.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Committee

Reported from CPN (Stand. Com. Rep. No. 173) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 31, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to CPN, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

1 primary · 0 co-sponsors