STAND. COM. REP. NO. 152-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2218
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Consumer Protection and Commerce, to which
was referred H.B. No. 2218 entitled: 

     "A BILL FOR AN ACT RELATING TO INSURANCE,"

begs leave to report as follows:

     The purpose of this measure is to authorize expenditures out
of the captive insurance administrative fund for promotional
activities related to the captive insurance industry.  

     Testimony in support of this measure was submitted by the
Department of Commerce and Consumer Affairs, Becher+Carlson Risk
Management Inc., Hawaii Captive Insurance Council, Marsh
Management Services Inc., and a private attorney.  

     Your Committee has amended this bill to specify that funds
from the captive insurance fund are to be deposited into the
insurance regulation fund to pay for the promotional expenditures
contemplated by this bill.

     As affirmed by the record of votes of the members of your
Committee on Consumer Protection and Commerce that is attached to
this report, your Committee is in accord with the intent and
purpose of H.B. No. 2218, as amended herein, and recommends that
it pass Second Reading in the form attached hereto as H.B. No.
2218, H.D. 1, and be referred to the Committee on Finance.


 
 
 
 
                                 STAND. COM. REP. NO. 152-00
                                 Page 2

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



                                   ______________________________
                                   RON MENOR, Chair