Hawaii Senate Bill 434

---

Spectrum: Partisan Bill (Democrat 5-0)
Status: Engrossed on March 7 2023 - 50% progression
Action: 2023-12-11 - Carried over to 2024 Regular Session.
Pending: House Finance Committee
Text: Latest bill text (Amended) [HTML]

Requires sponsored captive insurance companies to maintain separate protected cells for separate participant contracts. Authorizes captive insurance companies to apply for an exemption from examination from the insurance commissioner; provided that certain conditions are met. Requires protected cells established by sponsored captive insurance companies to be approved by the insurance commissioner. Authorizes sponsored captive insurance companies to establish and maintain protected cells to insure risks of parties unaffiliated with a participant under certain circumstances. Requires a participant, through a sponsored captive insurance company, to insure only risks approved by the insurance commissioner. Effective 7/1/2050. (HD1)

Relating To Insurance.

Sen. Jarrett Keohokalole [D]	Sen. Henry Aquino [D]	Sen. Stanley Chang [D]	Sen. Gil Keith-agaran [D]
Sen. Angus McKelvey [D]

2023-02-23 - Senate - Senate Commerce and Consumer Protection: Passed, With Amendments (Y: 4 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2023-12-11		Carried over to 2024 Regular Session.
2023-03-29	House	The committee(s) on FIN recommend(s) that the measure be deferred.
2023-03-27	House	Bill scheduled to be heard by FIN on Wednesday, 03-29-23 3:00PM in House conference room 308 VIA VIDEOCONFERENCE.
2023-03-21	House	Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Quinlan excused (1).
2023-03-21	House	Reported from CPC (Stand. Com. Rep. No. 1378) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2023-03-16	House	The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 11 Ayes: Representative(s) Nakashima, Sayama, Amato, Belatti, Hashem, Hussey-Burdick, Gates, Lowen, Onishi, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
2023-03-10	House	Bill re-scheduled to be heard by on Thursday, 03-16-23 2:30PM in conference room 329 VIA VIDEOCONFERENCE.
2023-03-10	House	Bill scheduled to be heard by CPC on Thursday, 03-16-23 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
2023-03-09	House	Referred to CPC, FIN, referral sheet 17
2023-03-09	House	Pass First Reading
2023-03-07	House	Received from Senate (Sen. Com. No. 168) in amended form (SD 1).
2023-03-07	Senate	Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: Senator(s) Fevella. Noes, 0 (none). Excused, 1 (Senator(s) Fukunaga). Transmitted to House.
2023-03-03	Senate	48 Hrs. Notice 03-07-23.
2023-03-03	Senate	Report adopted; Passed Second Reading, as amended (SD 1).
2023-03-03	Senate	Reported from CPN (Stand. Com. Rep. No. 812) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2023-02-23	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.
2023-02-17	Senate	The committee(s) on CPN will hold a public decision making on 02-23-23 10:01AM; Conference Room 229 & Videoconference.
2023-01-31	Senate	The committee on CPN deferred the measure.
2023-01-27	Senate	The committee(s) on CPN has scheduled a public hearing on 01-31-23 9:05AM; Conference Room 229 & Videoconference.
2023-01-25	Senate	Referred to CPN.
2023-01-20	Senate	Passed First Reading.
2023-01-20	Senate	Introduced.

SB434 (Carry Over) 2023-03-29 - The committee(s) on FIN recommend(s) that the measure be deferred.

Type	Source
Summary	https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=434&year=2024
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB434_SD1_.HTM
Text	https://www.capitol.hawaii.gov/sessions/session2024/bills/SB434_HD1_.HTM
Roll Call	https://data.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=434&year=2024