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HI SB2044
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Jarrett Keohokalole
Click for details
AI Summary
- Amends Hawaii Revised Statutes section 431:19-117 regarding dormant captive insurance companies that have been issued a certificate of dormancy
- Exempts dormant captive insurance companies from the gross premiums tax under section 431:19-116(a) and any other state taxes under section 431:19-116(b)
- Removes the requirement that a dormant captive insurance company's governing body hold at least one meeting each year in Hawaii
- Maintains existing exemptions for dormant captive insurers from conducting insurance business, filing audited annual financial statements, and being subject to examination except for non-compliance
- Effective date set for January 1, 3000
Legislative Description
Relating To Insurance.
Exemption
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/4/2026
Committee Referrals
Ways and Means2/4/2026
Commerce and Consumer Protection1/22/2026
Full Bill Text
No bill text available