STAND. COM. REP. NO. 800

Honolulu, Hawaii

, 2005

RE: S.B. No. 131

S.D. 2

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 131, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE HAWAII HEALTH SYSTEMS CORPORATION,"

begs leave to report as follows:

The purpose of this measure is to authorize the Hawaii Health Systems Corporation to establish its own temporary, captive insurance company to provide medical malpractice and hospital professional and general liability coverage to the corporation.

Specifically, this measure authorizes the corporation to have a captive insurance company for five years. Furthermore, this measure appropriates funds for the corporation to form the captive insurance company.

Your Committee has amended this measure by clarifying that it is the captive insurance company established by the Hawaii Health Systems Corporation, rather than the corporation itself, that will engage in the insuring of risks or the providing of malpractice and liability coverage. Your Committee has also amended this measure by changing the effective date to July 1, 2050 to facilitate further discussions.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 131, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 131, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair