SB 1129 Hawaii Senate · 2026 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 passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB1129 → SB1129_SD1 · 3 edits

MINOR

This bill revision updates the administrative details and timeline for a working group focused on insurance risk transfer mechanisms. The primary substantive change is the shift in the effective date from the original draft to July 1, 2050, while also clarifying that the Insurance Commissioner must submit an annual report to the legislature at least twenty days before each regular session starting in 2026. Additionally, the document metadata was updated to reflect the new version number and author information.

Scope change

The scope of the bill's applicability remains focused on the Insurance Commissioner and the establishment of a working group for risk transfer mechanisms; however, the operational timeline has been significantly extended.

TIMELINE

The effective date of the Act was changed to July 1, 2050, delaying the implementation of the new requirements by several years.

REQUIREMENT

The requirement for the annual report was clarified to specify that it must be submitted to the legislature no later than twenty days prior to the convening of each regular session, beginning with the 2026 session.

TECHNICAL

Metadata fields including the bill title, author names, and version numbers were updated to reflect the new SD1 version.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

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