HawaiiSB 10502025–2026 Regular Session (Year 2)Senate

RELATING TO INSURANCE.

Sponsored By: Jarrett Keohokalole (Democratic)

Passed

Summary

Allows captive insurance companies that are not risk retention captive insurance companies to apply to the Insurance Commissioner for certificates of exemption from examination after meeting certain requirements. Effective 7/1/2050. (SD1)

InsuranceCaptive Insurance CompaniesInsurance CommissionerCertificate of ExemptionExaminationsCPC

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jarrett Keohokalole

    Democratic • Senate

Cosponsors

  • Henry J.C. Aquino

    Democratic • Senate

  • Troy N. Hashimoto

    Democratic • Senate

  • Angus L.K. McKelvey

    Democratic • Senate

  • III Richards

    Democratic • Senate

  • Joy A. San Buenaventura

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 29 • No: 1

Senate vote 3/4/2025

Senate Floor Vote

Yes: 24 • No: 1

Senate vote 2/21/2025

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 5 • No: 0

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. Pass First Reading

    3/6/2025House
  3. Referred to CPC, referral sheet 19

    3/6/2025House
  4. Passed Third Reading, as amended (SD 1). Ayes, 24; Aye(s) with reservations: none. Noes, 1 (Senator(s) Awa). Excused, 0 (none). Transmitted to House.

    3/4/2025Senate
  5. Received from Senate (Sen. Com. No. 250) in amended form (SD 1).

    3/4/2025House
  6. Reported from CPN (Stand. Com. Rep. No. 808) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.

    2/28/2025Senate
  7. Report adopted; Passed Second Reading, as amended (SD 1).

    2/28/2025Senate
  8. 48 Hrs. Notice 03-04-25.

    2/28/2025Senate
  9. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

    2/21/2025Senate
  10. The committee(s) on CPN deferred the measure until 02-21-25 9:45AM; Conference Room 229 & Videoconference.

    2/14/2025Senate
  11. The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.

    2/10/2025Senate
  12. Referred to CPN.

    1/23/2025Senate
  13. Passed First Reading.

    1/21/2025Senate
  14. Introduced.

    1/17/2025Senate

Bill Text

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