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HI HB2504
Bill
Status
1/25/2012
Primary Sponsor
Calvin Say
Click for details
AI Summary
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Establishes statutory fees and penalties for mutual benefit societies and directs deposits into the Compliance Resolution Fund
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Clarifies provisions for certificates of registration and certificates of authority for mutual benefit societies
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Increases filing fees for fraternal benefit societies and health maintenance organizations with deposits directed to the Compliance Resolution Fund
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Allows the Insurance Commissioner discretionary authority to adopt rules for mutual benefit society implementation rather than requiring adoption
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Removes obsolete provisions from Hawaii Revised Statutes and makes technical amendments for clarity and consistency
Legislative Description
Insurance Commissioner; Streamlining
Last Action
(H) Report adopted. referred to the committee(s) on FIN as amended in HD 2 with none voting aye with reservations; none voting no (0) and Herkes, Kawakami, M. Lee, Mizuno, Morikawa excused (5).
2/17/2012