STAND. COM. REP. NO. 1110

Honolulu, Hawaii

RE: S.B. No. 817

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 817, S.D. 1, entitled:

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

begs leave to report as follows:

The purpose and intent of this measure is to establish provisions for the sale of stored property insurance by self-service storage facility owners.

Your Committee received written comments in support of this measure from the Self Storage Association and StorQuest Self Storage.

Your Committee received written comments in opposition to this measure from the Department of Commerce and Consumer Affairs.

Your Committee believes that through this measure, more individuals who rent units at self-service storage facilities will be afforded the opportunity to purchase insurance at the point of rental and thus have a more accessible means to obtain optional affordable coverage for their stored property.

Your Committee has amended this measure by:

(1) Changing its effective date to July 1, 2050, to facilitate further discussion on the measure; and

(2) Making technical nonsubstantive amendments for purposes of clarity, consistency, and style.

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 is in accord with the intent and purpose of S.B. No. 817, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 817, S.D. 2.

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

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DONOVAN M. DELA CRUZ, Chair