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HI HB2048

Bill

Status

Engrossed

2/29/2024

Primary Sponsor

Greggor Ilagan

Click for details

Origin

House of Representatives

2024 Regular Session

AI Summary

  • Increases the number of public members on the Hawaii Property Insurance Association's board of directors from three to an unspecified number.
  • Transfers appointment authority for public board members from the Insurance Commissioner to the Speaker of the House of Representatives and President of the Senate, with each legislative leader appointing an unspecified number of public representatives.
  • Maintains eight voting members selected by member insurers and one voting member appointed by the commissioner to represent insurance producers.
  • Terminates the terms of existing public board members on an unspecified date and requires new public member appointments by the legislative leaders by an unspecified deadline.
  • Takes effect July 1, 3000.

Legislative Description

Relating To The Hawaii Property Insurance Association.

Board of Directors

Last Action

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

3/22/2024

Committee Referrals

Ways and Means3/22/2024
Commerce and Consumer Protection3/7/2024
Finance2/7/2024
Consumer Protection & Commerce1/24/2024

Full Bill Text

No bill text available