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HI HB1620
Bill
Status
Engrossed
3/4/2011
Primary Sponsor
Robert Herkes
Click for details
AI Summary
- Exempts from fraternal benefit society insurance laws associations organized before 1880 that provide insurance and benefits to members and their dependents or beneficiaries
- Applies only to associations whose members are active, retired, or honorably discharged members of the United States Armed Forces or Sea Services
- Navy Mutual Aid Association testified in support of the measure
- Department of Commerce and Consumer Affairs testified in support of the bill's intent
- Committee rationale cited the associations' longevity before fraternal benefit society laws were enacted as evidence of financial stability warranting exemption
Legislative Description
Insurance; Fraternal Benefit Societies
Last Action
Carried over to 2012 Regular Session.
12/1/2011
Committee Referrals
Consumer Protection & Commerce2/18/2011
Public Safety & Military Affairs1/28/2011
Full Bill Text
No bill text available