STAND. COM. REP. NO. 3139

Honolulu, Hawaii

RE: H.B. No. 2319

H.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2006

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection, and Housing, to which was referred H.B. No. 2319, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO INSURANCE,"

begs leave to report as follows:

The purpose of this measure is to update and streamline the insurance statutes in conformity with federal law and national standards.

Testimony in support of this measure was submitted by the Insurance Commissioner, State Farm Insurance Companies; and the National Association of Insurance and Financial Advisors Hawaii. No testimony in opposition to this measure was received by your Committee.

Your Committee finds that this measure is in line with the Department of Commerce and Consumer Affairs' continuing efforts to modernize Hawaii's insurance laws, ease insurer filing requirements, and bring Hawaii's insurance laws into conformity with federal law and national standards.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection, and Housing that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2319, H.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

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

____________________________

RON MENOR, Chair