STAND. COM. REP. NO.  55-10

Honolulu, Hawaii

                , 2010

RE:   H.B. No. 2028

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Sir:

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 2028 entitled:

"A BILL FOR AN ACT RELATING TO GROUP LIFE INSURANCE,"

begs leave to report as follows:

     The purpose of this bill is make insurance more accessible to more people by requiring the insurance commissioner to approve the issuance of group life insurance policies that cover other than the listed groups and expand group disability insurance to include groups other than the listed groups. 

     The American Council of Life Insurers testified in support of this bill.  The Department of Commerce and Consumer Affairs offered comments on this measure.

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2028 and recommends that it pass Second Reading and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

____________________________

ROBERT N. HERKES, Chair