STAND. COM. REP. NO. 1620

Honolulu, Hawaii

RE:    H.B. No. 1322

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred H.B. No. 1322, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO INSURANCE LICENSING,"

begs leave to report as follows:

     The purpose of this measure is to establish fees under the insurance code for licenses and services relating to limited line motor vehicle rental company producers.

     Furthermore, this measure eliminates the requirement that licensed adjusters and independent bill reviewers must have and maintain a place of business in this State.

     Your Committee received comments in support of this measure from the Department of Commerce and Consumer Affairs, Insurance Division.

     Your Committee finds that this measure will correct an inadvertent error from a prior year's act which repealed the fee provisions rather than simply move them from one article of the code to another article, as had been intended.  Your Committee also finds that by eliminating the requirement of having a place of business in this State, this measure will recognize the place where transactions are principally conducted as the place of business of adjusters and independent bill reviewers.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1322, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

ROSALYN H. BAKER, Chair