HI SB1324 | 2023 | Regular Session
Note: Carry Foward to future SB1324
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 25 2023 - 25% progression, died in committee
Action: 2023-02-17 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]
Status: Introduced on January 25 2023 - 25% progression, died in committee
Action: 2023-02-17 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Pending: Senate Ways and Means Committee
Text: Latest bill text (Amended) [HTML]
Summary
Amends various provisions of title 24 of the Hawaii Revised Statutes (HRS) to update and improve existing provisions. 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. Adopts revised National Association of Insurance Commissioners Model #880 Unfair Trade Practices Act regarding expansion of value-added products beyond health products. Aligns section 431:13-103, HRS, with changes made to article 9 of chapter 431 by Act 110, Session Laws of Hawaii 2021. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. Effective 7/1/2050. (SD1)
Title
Relating To Insurance.
Sponsors
Roll Calls
2023-02-09 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 4 N: 1 NV: 0 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2023-02-17 | Senate | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
2023-02-17 | Senate | Reported from CPN (Stand. Com. Rep. No. 584) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
2023-02-09 | Senate | 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 ; 1 No(es): Senator(s) Awa; and 0 Excused: none. |
2023-02-03 | Senate | The committee(s) on CPN has scheduled a public hearing on 02-09-23 9:31AM; Conference Room 229 & Videoconference. |
2023-01-30 | Senate | Referred to CPN, WAM. |
2023-01-25 | Senate | Passed First Reading. |
2023-01-25 | Senate | Introduced. |
Same As/Similar To
SB1324 (Carry Over) 2023-02-17 - Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
HB1026 (Same As) 2023-01-30 - Referred to CPC, FIN, referral sheet 3
HB1026 (Same As) 2023-01-30 - Referred to CPC, FIN, referral sheet 3
Subjects
Captive Insurers
Insurance Code
Non-Insurance Benefits
Producers
Reinsurance Intermediary-Managers
Reinsurers
Surety Bond
Third Party Administrators
Trade Name
Unfair and Deceptive Acts and Practices
Unfair Methods of Competition
Insurance Code
Non-Insurance Benefits
Producers
Reinsurance Intermediary-Managers
Reinsurers
Surety Bond
Third Party Administrators
Trade Name
Unfair and Deceptive Acts and Practices
Unfair Methods of Competition