STAND. COM. REP. NO.  1427

Honolulu, Hawaii

                , 2011

RE:   S.B. No. 1484

      S.D. 1

      H.D. 2

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 1484, S.D. 1, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO INSURANCE,"

begs leave to report as follows:

     The purpose of this bill is to exempt from fraternal-benefit-society insurance laws, associations:

     (1)  Organized before 1880;

     (2)  Whose members are active, retired, or honorably discharged members of the United States armed forces or sea services; and

     (3)  That provide, as a principal purpose, insurance and other benefits to their members and their dependents or beneficiaries.

     The Navy Mutual Aid Association supported this bill.  The Department of Commerce and Consumer Affairs supported the intent of this measure.

     Your Committee amended this measure by making technical, nonsubstantive amendments for clarity, conformity, and style.

     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 S.B. No. 1484, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1484, S.D. 1, H.D. 2.

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

____________________________

ROBERT N. HERKES, Chair