STAND. COM. REP. NO.  1073-12

Honolulu, Hawaii

                , 2012

RE:   S.B. No. 2655

      S.D. 2

      H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committee on Economic Revitalization & Business, to which was referred S.B. No. 2655, S.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO PORTABLE ELECTRONICS INSURANCE,"

begs leave to report as follows:

The purpose of this measure is to protect consumers of portable electronics in Hawaii by requiring that portable electronics insurance be sold by vendors with a limited lines license.

Asurion supported the measure.  The Department of Commerce and Consumer Affairs offered comments on the measure.

     Your Committee has amended this measure by:

     (1)  Changing its effective date to January 1, 2112, to promote further discussion; and

     (2)  Making technical, nonsubstantive amendments for clarity, consistency, and style.

     As affirmed by the record of votes of the members of your Committee on Economic Revitalization & Business that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2655, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2655, S.D. 2, H.D. 1, and be referred to the Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Economic Revitalization & Business,

____________________________

ANGUS L.K. McKELVEY, Chair