STAND. COM. REP. NO. 665-14
Honolulu, Hawaii
, 2014
RE: H.B. No. 2215
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Seventh State Legislature
Regular Session of 2014
State of Hawaii
Sir:
Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 2215 entitled:
"A BILL FOR AN ACT RELATING TO TRAVEL INSURANCE,"
begs leave to report as follows:
The purpose of this measure is to:
(1) Establish a limited lines travel insurance producer license for producers selling, soliciting, or negotiating travel insurance through a licensed insurer; and
(2) Authorize travel retailers to offer the insurance if registered by a limited lines travel insurance producer.
Your Committee has amended this measure by:
(1) Creating two separate licensing fees for limited lines travel insurance producers that:
(A) Are licensed as a single entity; and
(B) Have persons registered under its license;
(2) Specifying that nothing in the Producer Licensing Law as found in article 9A of Chapter 431, Hawaii Revised Statutes, shall be construed as granting a company a license to do business in the State unless approved by the Insurance Commissioner;
(3) Changing the effective date to July 1, 2112, to encourage further discussion; and
(4) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, 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 H.B. No. 2215, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2215, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
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____________________________ ANGUS L.K. McKELVEY, Chair |
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