Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2883 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the Insurance Commissioner to issue to rental car companies a limited license to sell insurance only in connection with and incidental to the rental of vehicles.

Your Committee finds that this measure is necessary to fill a gap in the licensure of insurance agents that will be created upon the expiration of a particular federal statute relating to limited licensing.

Your Committee has amended this measure by changing the effective date to July 1, 2050 and by making technical nonsubstantive changes for the purposes of clarity and style.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2883, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2883, S.D. 1.