Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection and Housing, to which was referred S.B. No. 1077 entitled:

begs leave to report as follows:

The purpose of this measure is to codify existing practices of the Insurance Commissioner with regard to processing of applications for certification of continuing education courses and course providers.

Testimony in support of this measure was submitted by the Insurance Commissioner, the Continuing Education Advisory Committee of the Department of Commerce and Consumer Affairs, the Hawaii Independent Insurance Agents Association, the Professional Insurance Agents of Hawaii, and the National Association of Insurance and Financial Advisors Hawaii.

Your Committee finds that the Insurance Commissioner, through the Department of Commerce and Consumer Affairs' Continuing Education Advisory Committee, has developed standard practices and procedures for the review and approval of continuing education requirements for licensed insurance agents. Your Committee agrees that these practices should be reflected in the Insurance Code provisions governing continuing education for licensees.

Your Committee has amended this measure 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 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. 1077, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1077, S.D. 1, and be placed on the calendar for Third Reading.