Bill Text: HI SB2168 | 2012 | Regular Session | Amended

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Bill Title: Surplus Lines Insurance; Surplus Lines Insurance Multi-State Compliance Compact

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2012-03-23 - (H) 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 Herkes excused (1). [SB2168 Detail]

Download: Hawaii-2012-SB2168-Amended.html

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STAND. COM. REP. NO.  1208-12

 

Honolulu, Hawaii

                , 2012

 

RE:   S.B. No. 2168

      S.D. 2

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 2168, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO INSURANCE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to direct the Insurance Commissioner to join the Surplus Lines Insurance Multi-state Compliance Compact (SLIMPACT) and to enact SLIMPACT.

 

     The Property Casualty Insurers Association of America supported this bill.  The Department of Commerce and Consumer Affairs and National Conference of Insurance Legislators submitted comments.

 

     Your Committee has amended this bill by:

 

     (1)  Changing the effective date to upon its approval; and

 

     (2)  Making technical, nonsubstantive amendments for purposes of clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2168, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2168, S.D. 2, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

 

 

		____________________________ ROBERT N. HERKES, Chair