CONFERENCE COMMITTEE REP. NO. 6
Honolulu, Hawaii
, 2017
RE: S.B. No. 952
S.D. 1
H.D. 1
C.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Twenty-Ninth State Legislature
Regular Session of 2017
State of Hawaii
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Ninth State Legislature
Regular Session of 2017
State of Hawaii
Sirs:
Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 952, S.D. 1, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO INSURANCE,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this measure is to:
(1) Provide the Insurance Commissioner with express prior approval authority over long-term care insurance rates; and
(2) Make housekeeping amendments.
Your Committee on Conference finds that this measure clarifies that the Insurance Commissioner has express prior approval authority over long-term care insurance rates. This measure continues to ensure that consumers are not being charged excessive rates for long-term care insurance, while also maintaining a fair marketplace for insurers.
Your Committee on Conference has amended this measure by changing its effective date to January 1, 2018.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 952, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 952, S.D. 1, H.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE HOUSE |
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ON THE PART OF THE SENATE |
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____________________________ ROY M. TAKUMI Co-Chair |
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____________________________ ROSALYN H. BAKER Chair |
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____________________________ TY J.K. CULLEN Co-Chair |
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