STAND.
COM. REP. NO. 710-24
Honolulu, Hawaii
, 2024
RE: H.B. No. 2394
H.D. 1
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-Second State Legislature
Regular Session of 2024
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2394, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO INSURANCE,"
begs leave to report as follows:
Your Committee notes the concerns raised by the Tradewind Group in its testimony regarding an exemption for a domestic insurance holding company system for insurance companies doing business only in Hawaii. Should this measure be returned from the Senate your Committee will defer to the recommendation of your Committee on Consumer Protection & Commerce in addressing those concerns.
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. 2394, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ KYLE T. YAMASHITA, Chair |
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