STAND. COM. REP. NO. 1979

Honolulu, Hawaii

, 2019

RE: S.B. No. 1211

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 S.B. No. 1211 entitled:

"A BILL FOR AN ACT RELATING TO FORMS SUBMITTED TO THE INSURANCE COMMISSIONER,"

begs leave to report as follows:

The purpose of this measure is to remove the requirement that a vehicle protection product warrantor and a service contract provider annually submit to the Insurance Commissioner a copy of each warranty or service contract form proposed for use in the State.

The Department of Commerce and Consumer Affairs and Motor Vehicle Protection Products Association supported this measure.

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 S.B. No. 1211 and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair