Ron Kouchi
- Democratic
- Senator
- District 8
Primary
Amends various provisions of the Insurance Code to update and improve existing provisions. Defines "dormant captive insurance company" and sets out a procedure to apply for the certificate of dormancy. Adds the term "doing business as" to "trade name" statutory references. Clarifies continuing education provider filing requirements. Clarifies reinsurance intermediary-manager filing requirements. Amends the surety bond threshold requirement for third party administrators and clarifies the audited financial statements requirements. Amends the definitions of "controlled unaffiliated business" and "participant" as applied to captive insurance companies. (SD1)
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Reported from CPN (Stand. Com. Rep. No. 2673) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards.
The committee(s) on CPN has scheduled a public hearing on 02-09-24 9:30AM; CR 229 & Videoconference.
Passed First Reading.
Introduced.
| Bill Text Versions | Format |
|---|---|
| SB3081 |
| Document | Format |
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| No related documents. |
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