STAND. COM. REP. NO. 2000-18

Honolulu, Hawaii

, 2018

RE: S.C.R. No. 137

S.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 Consumer Protection & Commerce, to which was referred S.C.R. No. 137, S.D. 1, entitled:

"SENATE CONCURRENT RESOLUTION REQUESTING THAT THE INSURANCE COMMISSIONER ESTABLISH AND CONVENE AN INSURANCE MODERNIZATION WORKING GROUP TO UPDATE AND MODERNIZE HAWAII'S PROPERTY, CASUALTY, AND LIFE INSURANCE LAWS,"

begs leave to report as follows:

The purpose of this measure is to request the Insurance Commissioner to convene an Insurance Modernization Working Group to explore and propose specific legislation to update and modernize Hawaii's property, casualty, and life insurance laws.

State Farm Mutual Automobile Insurance Company and Oahu County Committee on Legislative Priorities of the Democratic Party of Hawai‘i testified in support of this measure. The Hawaii Association for Justice provided comments.

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 concurs with the intent and purpose of S.C.R. No. 137, S.D. 1, and recommends that it be referred to your Committee on Finance.

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

____________________________

ROY M. TAKUMI, Chair