STAND. COM. REP. NO.  575

Honolulu, Hawaii

                , 2017

RE:   H.B. No. 1086

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2017

State of Hawaii

Sir:

     Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 1086 entitled:

"A BILL FOR AN ACT RELATING TO INSURANCE,"

begs leave to report as follows:

The purpose of this measure is to protect consumers by providing the insurance commissioner with express prior approval authority over long term care insurance rates.

The Department of Commerce and Consumer Affairs testified in support of this measure.

     Your Committee has amended this measure by:

     (1)  Inserting provisions to allow the insurance commissioner to simply require that satisfactory arrangements be made for the provision of certain insurance services for all motor vehicle insurance sold within the State, rather than requiring an insurer to maintain a physical claims office in the State;

     (2)  Changing its effective date to July 1, 2112, to facilitate further discussion; and

     (3)  Making technical, nonsubstantive amendments for 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. 1086, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1086, H.D. 1, and be referred to your Committee on Finance.

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

____________________________

ANGUS L.K. McKELVEY, Chair