STAND. COM. REP. NO. 1964

Honolulu, Hawaii

, 2019

RE: S.B. No. 817

S.D. 2

H.D. 1

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. 817, S.D. 2, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO SELF-SERVICE STORAGE,"

begs leave to report as follows:

The purpose of this measure is to:

(1) Authorize the sale of stored property insurance by self-storage facility owners under certain conditions; and

(2) Require self-storage facility owners to hold a limited lines license to sell, solicit, or offer coverage under a stored property insurance policy.

The Self Storage Association and StorQuest Self Storage supported this measure. The Department of Commerce and Consumer Affairs and Hawaii Independent Insurance Agents Association 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 S.B. No. 817, S.D. 2, 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