Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

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

begs leave to report as follows:

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

Your Committee received testimony in support of this administrative measure from the 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 made several technical, nonsubstantive amendments to this measure for accuracy.

As affirmed by the record of votes of the members of your Committee on Commerce, Consumer Protection and Housing that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1069, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1069, S.D. 1, and be placed on the calendar for Third Reading.