THE SENATE
THE TWENTY-SIXTH LEGISLATURE
REGULAR SESSION OF 2012

COMMITTEE ON COMMERCE AND CONSUMER PROTECTION
Senator Rosalyn H. Baker, Chair
Senator Brian T. Taniguchi, Vice-Chair

MEASURES DEFERRED TO THURSDAY, FEBRUARY 09, 2012

DATE:

Thursday, February 09, 2012

TIME:

9:00 AM

PLACE:

Conference Room 229
State Capitol
415 South Beretania Street

DECISION MAKING ON THE FOLLOWING MEASURE(S):

SB2765
Status and Testimony

RELATING TO CAPTIVE INSURANCE COMPANIES.
Amends captive insurance company law (article 19, chapter 431, Hawaii Revised Statutes).

CPN, WAM

SB2769
Status and Testimony

RELATING TO INSURANCE.
Requires the Insurance Commissioner to publish listing of homeowners insurers and homeowners insurance premium rates in a newspaper of general circulation in the State annually; and allows the Insurance Commissioner to specify interim rates upon disapproval of insurance rate filings for property and casualty insurance.

CPN, WAM

SB2168
Status and Testimony

RELATING TO INSURANCE.
Directs the insurance commissioner to join the surplus lines insurance multi-state compliance compact.  Enacts the surplus lines insurance multi-state compliance compact into law.

CPN, WAM

SB2006
Status and Testimony

RELATING TO INSURANCE.
Amends rate filing requirements for general casualty and property insurance.  Allows general casualty insurance rate filings or property insurance rate filings in which the average rate of increase or decrease is no more than an unspecified per cent to be filed on a use and file basis.  Limits insurers filing under this exception to one filing per calendar year.  Requires insurers to send written notice of intent to increase rate to existing policyholders.

CPN

SB2768
Status and Testimony

RELATING TO INSURANCE.
Eliminates underlying producer license requirement for applying and obtaining surplus lines broker license; provides greater clarity and consistency in licensing insurance producers selling annuity products; clarifies reinsurance intermediary licensing requirements and removes unnecessary licensing conditions.

CPN, WAM
[Measure added on 2/3/2012]

No testimony will be accepted.

FOR AMENDED NOTICES:  Measures that have been deleted are stricken through and measures that have been added are underscored.  If a measure is both underscored and stricken through, that measure has been deleted from the agenda.

FOR FURTHER INFORMATION, PLEASE CONTACT THE COMMITTEE CLERK AT 808-586-6070.