CONFERENCE COMMITTEE REP. NO. 89

Honolulu, Hawaii

                 , 2011

RE:    H.B. No. 1052

       H.D. 2

       S.D. 1

       C.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1052, H.D. 2, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO INSURANCE,"

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

     The purpose of this bill is to adopt amendments to provisions of the Insurance Code relating to surplus lines insurance to comply with the federal Nonadmitted and Reinsurance Reform Act of 2010 and to participate in a multistate cooperative to collect and distribute surplus lines insurance premium taxes and fees among compact members.

     Your Committee on Conference amended this bill by changing the effective date to June 1, 2011, and making technical, nonsubstantive amendments for style and consistency.

     As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1052, H.D. 2, S.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1052, H.D. 2, S.D. 1, C.D. 1.

Respectfully submitted on behalf of the managers:

ON THE PART OF THE SENATE

ON THE PART OF THE HOUSE

____________________________ ROSALYN H. BAKER, Chair	____________________________ ROBERT N. HERKES, Co-Chair
	____________________________ GILBERT KEITH-AGARAN, Co-Chair
	____________________________ PONO CHONG, Co-Chair