Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committees on Consumer Protection & Commerce and Judiciary, to which was referred S.B. No. 751, S.D. 2, entitled:

beg leave to report as follows:

The purpose of this bill is to improve the State's insurance statutes through housekeeping amendments that make the law easier to understand, less burdensome, and more technically correct.

Testimony in support of this bill was received from the Department of Commerce and Consumer Affairs (DCCA).

Your Committees find that this bill is the product of DCCA's continuing efforts to modernize and streamline Hawaii's insurance laws, ease insurer filing requirements, and bring Hawaii's insurance laws into conformity with federal law and national standards.

Your Committees have amended this bill by changing the effective date to July 1, 2099, in the interest of encouraging further discussion of this matter.

As affirmed by the records of votes of the members of your Committees on Consumer Protection & Commerce and Judiciary that are attached to this report, your Committees are in accord with the intent and purpose of S.B. No. 751, S.D. 2, as amended herein, and recommend that it pass Second Reading in the form attached hereto as S.B. No. 751, S.D. 2, H.D. 1, and be referred to the Committee on Finance.