STAND. COM. REP. NO. 790-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 1876

H.D. 1

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. 1876, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO MOTOR VEHICLE INSURANCE,"

begs leave to report as follows:

The purpose of this measure is to satisfy the requirement that insurers provide a complete sales and claims service office in the State by requiring that producers establish and maintain an office in the State.

The Insurance Division of the Department of Commerce and Consumer Affairs and State Farm Mutual Automobile Insurance Company provided comments.

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. 1876, H.D. 1, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair