STAND. COM. REP. NO. 1145

Honolulu, Hawaii

, 2019

RE: H.B. No. 1033

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1033, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO MANDATORY VESSEL INSURANCE COVERAGE,"

begs leave to report as follows:

The purpose of this measure is to ensure that the Department of Land and Natural Resources (DLNR) can recover costs incurred because of boat accidents that cause injury to a person, damage to property, a grounding, or a sinking by:

(1) Requiring owners of certain vessels that operate in and on state ocean waters to obtain marine insurance coverage of a specific type and minimum coverage amount;

(2) Providing transient vessels with an exemption from marine insurance coverage requirements for ten days after the transient vessel arrives in state ocean waters; and

(3) Allowing the DLNR to adopt rules regarding the marine insurance coverage requirement.

The Aloha State Association of the Deaf, Ocean Tourism Coalition, and Calypso Charters submitted testimony in support of this measure. The Hawaii Tropical Fish Association and a few individuals submitted testimony in opposition to this measure. DLNR 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. 1033, H.D. 2, and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair