STAND. COM. REP. NO. 1321

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.C.R. No. 83
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Education and Technology, to which was
referred S.C.R. No. 83 entitled:

     "SENATE CONCURRENT RESOLUTION URGING SUPPORT FOR THE
     ESTABLISHMENT OF AN INSURANCE INSTITUTE AT THE COLLEGE OF
     BUSINESS ADMINISTRATION OF THE UNIVERSITY OF HAWAII,"

begs leave to report as follows:

     The purpose of this measure is to urge the establishment of
an insurance institute at the College of Business Administration
of the University of Hawaii.

     Testimony in support of this measure was submitted by the
Department of Commerce and Consumer Affairs.

     Your Committee finds that an institute devoted to insurance
could meet the training and development needs of Hawaii's
insurance-related industries and serve as a centralized source of
information and expertise for other professionals and the
community at large.  

     Your Committee has amended this measure to require the
University of Hawaii College of Business Administration to study
the feasibility of establishing such an insurance institute,
instead of simply urging the establishment of the institute.
Your Committee believes that given the economic times, a
feasibility study would provide all parties with full knowledge
of the costs and benefits of the insurance institute and will
provide a solid first step towards its establishment.  Your

 
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Committee has further amended this measure to require that the
University of Hawaii consult with various groups involved in the
insurance industry for the feasibility study.

     As affirmed by the record of votes of the members of your
Committee on Education and Technology that is attached to this
report, your Committee concurs with the intent and purpose of
S.C.R. No. 83, as amended herein, and recommends that it be
referred to the Committee on Ways and Means, in the form attached
hereto as S.C.R. No. 83, S.D. 1.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Education and
                                   Technology,



                                   ______________________________
                                   DAVID Y. IGE, Chair

 
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