STAND. COM. REP. NO. 1028-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 1520

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1520, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO INSURANCE,"

begs leave to report as follows:

The purpose of this measure is to protect consumers of limited-duration health insurance in the State by establishing a regulatory system for the activities of insurers and disclosure requirements in the sale of limited duration health insurance coverage.

The Hawaii Medical Service Association and Ho‘omana Pono, LLC supported this measure. Kaiser Permanente Hawai‘i provided comments.

Your Committee has amended this measure by:

(1) Deleting language establishing a regulatory system for limited-duration health insurance coverage;

(2) Specifying that health insurers shall not offer or provide limited-duration health insurance coverage in the State;

(3) Changing the effective date to July 1, 2030, to encourage further discussion; and

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

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1520, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1520, H.D. 2, and be placed on the calendar for Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair