Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2485 entitled:

begs leave to report as follows:

The purpose of this bill is to remove the Compliance Resolution Fund and the Insurance Regulation Fund, from the list of special funds that are exempt from central service assessments.

The Director of the Department of Commerce and Consumer Affairs (DCCA) and the Insurance Division of DCCA testified in support of this measure.

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. 2485 and recommends that it pass Third Reading.