STAND. COM. REP. NO. 613-04
Honolulu, Hawaii
, 2004
RE: H.B. No. 2411
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2411, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO INSURANCE,"
begs leave to report as follows:
The purpose of this bill is to:
(1) Continue to update and streamline various insurance statutes to modernize regulation of insurance in conformity with the federal Gramm-Leach-Bliley Act and national standards; and
(2) Make other substantive and technical amendments to improve the insurance laws and the efficiency of the Insurance Division's operations.
The Department of Commerce and Consumer Affairs and NAIFA Hawaii submitted testimony in support of this measure. State Farm Insurance Companies opposed a section 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. 2411, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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