Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Consumer Protection and Commerce, to which was referred S.B. No. 1069, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to correct erroneous statutory cross references and inconsistent dates in the state insurance law.

Testimony in support of this bill was received from the Department of Commerce and Consumer Affairs, Insurance Division, and the American Council of Life Insurers.

Your Committee finds that this housekeeping measure is necessary to correct inaccurate statutory cross references that render the insurance chapters of the Hawaii Revised Statutes internally inconsistent.

Your Committee has made technical, nonsubstantive amendments to this bill for purposes of style, clarity, and consistency.

As affirmed by the record of votes of the members of your Committee on Consumer Protection and Commerce that is attached to this report, your Committee is in accord with the intent and

purpose of S.B. No. 1069, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1069, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.