# Hawaii SB 2950: RELATING TO INSURANCE.

Hawaii SB 2950, RELATING TO INSURANCE., is a 2025–2026 Regular Session (Year 2) Senate bill sponsored by Angus L.K. McKelvey (Democratic); status failed, last action 2026-03-12 (Pass First Reading) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/HI-SB2950-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Hawaii SB 2950
- State: Hawaii
- Session: 2025–2026 Regular Session (Year 2)
- Title: RELATING TO INSURANCE.
- Status: failed
- Chamber: Senate
- Introduced: 2026-01-23
- Last action: 2026-03-12, Pass First Reading
- Sponsor: Angus L.K. McKelvey (Democratic)
- Cosponsors: 2
- Subjects: Insurance Commissioner, Captive Insurance Companies, Catastrophic Property and Casualty Risks, Authorization, Reports, CPC
- Touches household money: no
- Roll calls: 2 (30 yes, 0 no in all)
- Economic provisions PRIA read: 0

## 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)

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Angus L.K. McKelvey (Democratic), Senate
- Cosponsor: Stanley Chang (Democratic), Senate
- Cosponsor: Carol Fukunaga (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-03-10 | Senate | Senate Floor Vote | pass | 25 | 0 |   |
| 2026-02-25 | Senate | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT... | pass | 5 | 0 |   |

## Actions (12)

- 2026-03-12: Pass First Reading (House)
- 2026-03-12: Referred to CPC, referral sheet 17 (House)
- 2026-03-10: Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. (Senate)
- 2026-03-10: Received from Senate (Sen. Com. No. 324) in amended form (SD 1). (House)
- 2026-03-05: Reported 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. (Senate)
- 2026-03-05: Report adopted; Passed Second Reading, as amended (SD 1). (Senate)
- 2026-03-05: 48 Hrs. Notice 3/10/2026. (Senate)
- 2026-02-25: 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, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. (Senate)
- 2026-02-20: The committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference. (Senate)
- 2026-01-30: Referred to CPN. (Senate)
- 2026-01-26: Passed First Reading. (Senate)
- 2026-01-23: Introduced. (Senate)

## Bill text

- Bill Text: [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_SD1_.pdf)
- Original: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_.HTM), [PDF](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_.PDF)
- SB2950_SD1: [HTML](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_SD1_.HTM)

## Related bills

- SB 847: RELATING TO PSYCHOLOGISTS. (became law)
- SB 2338: RELATING TO HOUSING. (signed)
- HB 2344: RELATING TO SCHOOL FACILITIES. (signed)
- HB 2023: RELATING TO TRANSPORTATION. (signed)
- HB 2021: RELATING TO TRANSPORTATION. (signed)
- SB 2964: RELATING TO PROPERTY INSURANCE. (signed)

## Sources
- [Bill Text (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_SD1_.pdf)
- [Original (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_.HTM)
- [Original (PDF)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_.PDF)
- [SB2950_SD1 (HTML)](https://data.capitol.hawaii.gov/sessions/session2026/bills/SB2950_SD1_.HTM)

## Related
- [SB 847: RELATING TO PSYCHOLOGISTS.](https://policyrisk.com/state-bill/HI-SB847-2026)
- [SB 2338: RELATING TO HOUSING.](https://policyrisk.com/state-bill/HI-SB2338-2026)
- [HB 2344: RELATING TO SCHOOL FACILITIES.](https://policyrisk.com/state-bill/HI-HB2344-2026)
- [HB 2023: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2023-2026)
- [HB 2021: RELATING TO TRANSPORTATION.](https://policyrisk.com/state-bill/HI-HB2021-2026)
- [SB 2964: RELATING TO PROPERTY INSURANCE.](https://policyrisk.com/state-bill/HI-SB2964-2026)
- [Hawaii bills](https://policyrisk.com/states/hawaii/bills)
- [Hawaii state hub](https://policyrisk.com/states/hawaii)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/HI-SB2950-2026 (as of 2026-11-01).