HawaiiSB 11292025–2026 Regular Session (Year 2)Senate

RELATING TO INSURANCE.

Sponsored By: Angus L.K. McKelvey (Democratic)

Passed

Summary

Requires the Insurance Commissioner to convene a working group to identify, assess, and recommend certain risk transfer market mechanisms. Requires annual report to the Legislature. Appropriates funds. Effective 7/1/2050. (SD1)

Insurance CommissionerWorking GroupRisk Transfer Market MechanismsReportsAppropriationsCPN, WAM

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Angus L.K. McKelvey

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 3 • No: 0

Senate vote 1/31/2025

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

Yes: 3 • No: 0

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. Reported from CPN (Stand. Com. Rep. No. 173) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    2/10/2025Senate
  3. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    2/10/2025Senate
  4. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.

    1/31/2025Senate
  5. The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.

    1/24/2025Senate
  6. Referred to CPN, WAM.

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

    1/21/2025Senate
  8. Introduced.

    1/17/2025Senate

Bill Text

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