THE SENATE

THE TWENTY-THIRD LEGISLATURE

REGULAR SESSION OF 2005

COMMITTEE ON COMMERCE, CONSUMER PROTECTION, AND HOUSING

Senator Ron Menor, Chair

Senator Rosalyn H. Baker, Vice Chair

NOTICE OF HEARING

DATE:	Friday, February 25, 2005
TIME:	9:00 a.m.
PLACE:	Conference Room 016 State Capitol 415 South Beretania Street

A G E N D A

SB 756	RELATING TO INSURANCE. Provides a "fast-track" certification process for foreign HMOs.	CPH
SB 754	RELATING TO INSURANCE. Conforms certain insurance provision with federal law and national standards.	CPH
SB 753	RELATING TO POOLED INSURANCE. Repeals the provision that allows pooled insurance to be limited to construction projects that are estimated to cost $50,000,000 or more.	CPH
SB 110	RELATING TO MOTORCYCLES AND MOTOR SCOOTERS. Allows a person who does not have a motorcycle license, but has a permit and is enrolled in an approved safety course, to purchase motorcycle liability insurance.	CPH
SB 1802	RELATING TO CAPTIVE INSURANCE. Clarifies definitions and requirements for service of process on insurance commission as agent of captive insurer. Repeals requirement that articles of incorporation of risk retention captive establish limit on stockholder's interest to 10% of stock.	CPH
SB 1371	RELATING TO CHECK CASHING. Allows a check casher to enter into multiple agreements for deferred deposits with a customer as long as the agreements do not exceed a total of $600.	CPH
SB 1337	RELATING TO SECURITIES. Expands exemptions from the State's uniform securities law to exempt offers or sales by real estate brokers or salespersons of an apartment in a condominium, a rental management contract for an apartment in a condominium, or an interest in a general or limited partnership formed for apartment rental management purposes, to include any legal entity formed for apartment rental management purposes.	CPH
SB 111	RELATING TO SECURITIES. Extends exemption from registration requirements under the Hawaii uniform securities act for a rental management contract for apartment rental programs in a condominium project offered without the offer or sale of an apartment in the condominium project.	CPH
SB 693	RELATING TO CHARITABLE GIFT ANNUITIES. The purpose of this bill is to clarify that: (1) the filing deadline for charities that issue charitable gift annuities to annually certify to the Attorney General the charities' compliance with the minimum net asset and reserve requirements of section 431:1-204, Hawaii Revised Statues; (2) the calculation of a charity's reserves on gift annuities shall be based upon mortality tables and discount rates determined by the Insurance Commissioner; (3) the requirement that a charity must conduct business in Hawaii for at least ten consecutive years rather than"continuously;" and (4) no reserve "surplus" is required for any portion of a gift annuity that is reinsured by an authorized insurer.	CPH

Decision Making to follow, if time permits.

Persons wishing to testify should submit 25 copies of their testimony to the committee clerk, Room 219, State Capitol, 24 hours prior to the hearing. Testimony may also be faxed if less than 5 pages in length, to the Senate Sergeant-At-Arms Office at 586-6659 or 1-800-586-6659 (toll free for neighbor islands), at least 24 hours prior to the hearing. When faxing, please indicate to whom the testimony is being submitted, the date and time of the hearing, and the required number of copies needed for submittal.

If you require special assistance or auxiliary aids or services to participate in the public hearing process (i.e., sign language interpreter, wheelchair accessibility, or parking designated for the disabled) please contact the committee clerk 24 hours prior to the hearing so arrangements can be made.

Public Folder. A folder labeled "Public Folder" containing the measures and testimonies for the hearing will be available for shared use by members of the public.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6740

		________________________________________ Senator Ron Menor Chair