HawaiiSB 20442025–2026 Regular Session (Year 2)Senate

RELATING TO INSURANCE.

Sponsored By: Jarrett Keohokalole (Democratic)

Passed

Summary

Exempts a dormant captive insurance company that has been issued a certificate of dormancy from certain taxes and the requirement that its governing body hold at least one meeting each year in the State. Effective 1/1/3000. (SD1)

Dormant Captive Insurance CompaniesGross Premiums TaxMeeting RequirementExemptionCPN, WAM

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jarrett Keohokalole

    Democratic • Senate

Cosponsors

  • Stanley Chang

    Democratic • Senate

  • Carol Fukunaga

    Democratic • Senate

  • Michelle N. Kidani

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 4 • No: 0

Senate vote 1/29/2026

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

Yes: 4 • No: 0

Actions Timeline

  1. Reported from CPN (Stand. Com. Rep. No. 2108) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    2/4/2026Senate
  2. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    2/4/2026Senate
  3. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Lamosao.

    1/29/2026Senate
  4. The committee(s) on CPN has rescheduled its public hearing to 01-29-26 10:00AM; CR 229 & Videoconference.

    1/28/2026Senate
  5. The committee(s) on CPN has scheduled a public hearing on 01-29-26 9:31AM; Conference Room 229 & Videoconference.

    1/23/2026Senate
  6. Referred to CPN, WAM.

    1/22/2026Senate
  7. Introduced and passed First Reading.

    1/21/2026Senate
  8. Pending Introduction.

    1/14/2026Senate

Bill Text

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