STAND. COM. REP. NO.830
Honolulu, Hawaii
, 2001
RE: H.B. No. 594
H.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 594, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO CONTINUING EDUCATION COURSES AND COURSE PROVIDERS FOR INSURANCE LICENSEES,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Authorize the Insurance Commissioner and the Department of Commerce and Consumer Affairs (DCCA) to collect fees for issuing approved continuing education course and approved course provider certificates, and for other related services; and
(2) Provide that continuing education course providers must submit course completion information to DCCA by electronic means.
The Hawaii Independent Insurance Agents Association submitted testimony in support of this bill. The Association of Insurance and Financial Advisors suported the intent of this bill. DCCA submitted testimony in support of this bill with proposed amendments.
Your Committee has amended this bill by:
(1) Lowering the fee for all services for an approved course provider from $100 to $65 per year;
(2) Lowering the fee for all services for an approved continuing education course from $30 to $20 per year; and
(3) Clarifying the definitions of "approved continuing education course" and "approved course provider".
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 594, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 594, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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