REPORT Title:

Insurance; Health Maintenance Organization Certification

Description:

Provides a "fast-track" certification process for foreign health maintenance organizations. Effective July 1, 2099. (HB647 HD2)

HOUSE OF REPRESENTATIVES

H.B. NO.

647

TWENTY-THIRD LEGISLATURE, 2005

H.D. 2

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO INSURANCE.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 432D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§432D- Foreign health maintenance organization; certification. Notwithstanding section 432D-2 or any law to the contrary, the commissioner may waive the filing of any information required to be filed under section 432D-2(c)(1) to (5), (9), and (10) by a foreign corporation that is authorized to do business and holds a certificate of good standing under the laws of another state; provided that filing shall not be waived for information required for a certificate of authority issued by this State that is in addition to the information required by the state or states in which the foreign corporation is authorized to do business."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect on July 1, 2099.