HI HCR77

Urges the United States Congress to oppose any measure that creates a federal insurance office, including House Resolution 2609, the Federal Insurance Office Act of 2009, and the Restoring American Financial Stability Act of 2009.

Opposes federal insurance office proposals because the entity may be authorized to preempt state insurance laws and regulations.

References the National Conference of Insurance Legislators' opposition to federal insurance office creation and their concerns about the expanding scope and authority of proposed federal insurance offices.

Directs certified copies of the resolution to be transmitted to Hawaii's congressional delegation and the Secretary of the United States Treasury Department.