STAND. COM. REP. NO. 3478

Honolulu, Hawaii

RE: S.C.R. No. 137

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Ways and Means, 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 and intent of this measure is to request the Insurance Commissioner to establish and convene an insurance modernization working group to explore and propose specific legislation to update and modernize Hawaii's property, casualty, and life insurance laws.

Your Committee received written comments in support of this measure from the Department of Commerce and Consumer Affairs, State Farm Insurance, and the Oahu County Committee on Legislative Priorities of the Democratic Party of Hawaii.

Your Committee received written comments on this measure from the Hawaii Association for Justice.

Your Committee finds that a working group could provide informed recommendations to enable the Legislature to update the Insurance Code to account for technological innovations such as the Internet and smart phones.

As affirmed by the record of votes of the members of your Committee on Ways and Means 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 its adoption.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

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DONOVAN M. DELA CRUZ, Chair