CONFERENCE COMMITTEE REP. NO. 117

 

Honolulu, Hawaii

                 , 2011

 

RE:    H.B. No. 1045

       H.D. 1

       S.D. 2

       C.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sirs:

 

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1045, H.D. 1, S.D. 2, entitled:

 

"A BILL FOR AN ACT RELATING TO INSURANCE,"

 

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

 

     The purpose of this bill is to update the State's Insurance Code by adopting:

 

     (1)  The revisions to the National Association of Insurance Commissioners model laws; and

 

     (2)  Regulations for risk-based capital trend test for property and casualty insurers required for accreditation.

 


     Your Committee on Conference has amended this measure by making technical, nonsubstantive amendments for clarity, consistency, and style.

 

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1045, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1045, H.D. 1, S.D. 2, C.D. 1.

 

Respectfully submitted on behalf of the managers:

 

ON THE PART OF THE SENATE

 

ON THE PART OF THE HOUSE

 

____________________________

ROSALYN H. BAKER, Chair

 

____________________________

RYAN I. YAMANE, Co-Chair

____________________________

WILL ESPERO, Co-Chair

 

____________________________

ROBERT N. HERKES, Co-Chair

 

 

____________________________

DEE MORIKAWA, Co-Chair