STAND. COM. REP. NO. 571

Honolulu, Hawaii

RE:    S.B. No. 345

       S.D. 1

Honorable Donna Mercado Kim

President of the Senate

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred S.B. No. 345 entitled:

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

begs leave to report as follows:

     The purpose and intent of this measure is to bring license fees of vendors of portable electronics insurance into line with the fees charged in other jurisdictions.

     Your Committee received written comments in support of this measure from Asurion and one individual.  Your Committee received written comments on this measure from the Department of Commerce and Consumer Affairs.

     Your Committee finds that the fee amendments proposed by this measure are appropriate, given that the licenses in question cover the activities of both the vendor and its employees and the resulting fee structure is consistent with that in place in other states.

     Your Committee has amended this measure by:

(1)  Changing the amounts of the license fees to unspecified amounts; and

(2)  Changing the effective date to July 1, 2050, in order to promote continued discussion on the measure.

     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 S.B. No. 345, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 345, S.D. 1.

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

____________________________

DAVID Y. IGE, Chair