Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1164, H.D. 1, S.D. 1, entitled:

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this bill is to improve the insurance laws by conforming the Hawaii Insurance Code and related statutes to the Producer Licensing law, Act 216, Session Laws of Hawaii 2001.

Your Committee on Conference agrees that these revisions by the Department of Commerce and Consumer Affairs will modernize insurance licensing laws and provide uniformity and reciprocity with the laws of other states as required by the federal Gramm-Leach-Bliley Act, as well as increase the consistency and efficiency of Hawaii's insurance laws.

Your Committee on Conference has amended this bill by:

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1164, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1164, H.D. 1, S.D. 1, C.D. 1.