Hawaii State Legislature
2006 Legislative Session

HB2969 HD1

Generated on 8/25/2006 1:57:30 PM

Measure Title: RELATING TO ANNUITIES.
Report Title: Senior Protection in Annuity Transactions
Description: Establishes standards and procedures for insurers or insurance producers when making recommendations to senior consumers considering the purchase or exchange of any annuity. Removes variable annuities from regulation as a security, leaving jurisdiction with the Insurance Commissioner (HB2969 HD1).
Package: None
Companion:
Introducer(s): HERKES
Current Referral:CPC, JUD

Date Status Text
1/25/2006HIntroduced and Pass First Reading.
1/30/2006HReferred to CPC, JUD, referral sheet 6
1/30/2006HBill scheduled to be heard by CPC on Wednesday, 02-01-06 at 2:10 pm in House conference room 325.
2/1/2006HThe committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Herkes, Schatz, Caldwell, Ito, Karamatsu, Morita, Souki; Ayes with reservations: Representative(s) Sonson; 1 Noes: Representative(s) Marumoto; and 2 Excused: Representative(s) Kanoho, Stonebraker.
2/10/2006HReported from the committee on CPC (Stand. Com. Rep. No. 267-06) as amended in (HD 1), recommending passage on Second Reading and referral to the committee on JUD.
2/13/2006HPassed Second Reading as amended in (HD 1) and referred to the committee(s) on JUD with Representative(s) Marumoto voting no (1) and Representative(s) Takai excused (1).
2/17/2006HBill scheduled to be heard by JUD on Tuesday, 02-21-06 at 2:00 pm in House conference room 325.
2/21/2006HThe committee(s) recommends that the measure be deferred.

$ = Appropriation measure
ConAm = Constitutional Amendment