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HI HB2506

Bill

Official Source

Status

Introduced

1/25/2012

Primary Sponsor

Calvin Say

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Establish a standalone surplus lines broker license to clarify licensing requirements for brokers handling non-standard insurance policies

  • Clarify and streamline licensing requirements for reinsurance intermediaries under Article 9B of the Insurance Code

  • Strengthen training requirements for insurance producers selling annuity products in Hawaii

  • Enhance the Insurance Commissioner's enforcement authority by allowing the Commissioner to require violators of insurance laws to pay restitution

Legislative Description

Insurance; Licensing Requirements

Last Action

(H) Passed Second Reading and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and M. Lee, Souki excused (2).

2/16/2012

Committee Referrals

Finance2/16/2012
Consumer Protection & Commerce1/25/2012

Full Bill Text

No bill text available