STAND. COM. REP. NO. 1697

Honolulu, Hawaii

, 2021

RE: S.B. No. 1100

S.D. 1

H.D. 2

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-First State Legislature

Regular Session of 2021

State of Hawaii

Sir:

Your Committee on Finance, to which was referred S.B. No. 1100, S.D. 1, H.D. 2, entitled:

"A BILL FOR AN ACT RELATING TO INSURANCE DATA SECURITY,"

begs leave to report as follows:

The purpose of this measure is to adopt the National Association of Insurance Commissioners' Insurance Data Security Model Law to establish insurance data security standards for insurance licensees.

Your Committee received comments on this measure from the Department of Commerce and Consumer Affairs; American International Group, Inc.; American Council of Life Insurers; and Hawaii Captive Insurance Council.

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. 1100, S.D. 1, 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