All Roll Calls
Yes: 30 • No: 0
HawaiiSB 29502025–2026 Regular Session (Year 2)Senate
RELATING TO INSURANCE.
Sponsored By: Angus L.K. McKelvey (Democratic)
Passed
Summary
Authorizes captive insurance companies to underwrite, reinsure, or otherwise assume catastrophic property and casualty risks, subject to the approval and continuing supervision of the Insurance Commissioner. Allows the Commissioner to set certain minimum standards for captive insurance companies underwriting catastrophic property and casualty risk. Requires captive insurance companies underwriting catastrophic property and casualty risk to provide certain information in reports to the Commissioner. Effective 7/1/2050. (SD1)
Insurance CommissionerCaptive Insurance CompaniesCatastrophic Property and Casualty RisksAuthorizationReportsCPC
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Angus L.K. McKelvey
Democratic • Senate
Cosponsors
Stanley Chang
Democratic • Senate
Carol Fukunaga
Democratic • Senate
Roll Call Votes
Senate vote • 3/10/2026
Senate Floor Vote
Yes: 25 • No: 0
Senate vote • 2/25/2026
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...
Yes: 5 • No: 0
Actions Timeline
Pass First Reading
3/12/2026HouseReferred to CPC, referral sheet 17
3/12/2026HousePassed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/10/2026SenateReceived from Senate (Sen. Com. No. 324) in amended form (SD 1).
3/10/2026HouseReported from CPN (Stand. Com. Rep. No. 2796) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
3/5/2026SenateReport adopted; Passed Second Reading, as amended (SD 1).
3/5/2026Senate48 Hrs. Notice 3/10/2026.
3/5/2026SenateThe 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, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/25/2026SenateThe committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference.
2/20/2026SenateReferred to CPN.
1/30/2026SenatePassed First Reading.
1/26/2026SenateIntroduced.
1/23/2026Senate
Bill Text
Bill Text
Original
SB2950_SD1
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