Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Commerce, Consumer Protection, and Housing, to which was referred H.C.R. No. 4, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to request the Insurance Commissioner (Commissioner) to consider the advisability of entering into an interstate compact relating to property and casualty insurance for certain perils.

The Department of Commerce and Consumer Affairs and Hawaii Association of Realtors testified in support of this measure.

Your Committee finds that the formation of an interstate compact governing requirements for property and casualty insurance that protects against certain perils may alleviate the difficulties Hawaii consumers face in obtaining affordable insurance coverage. This measure requests the Commissioner to consider the possibility and advisability of forming such a compact with other states.

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 concurs with the intent and purpose of H.C.R. No. 4, H.D. 1, and recommends its adoption.