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SB 2950 SD1

Hawaii - Session 2026

Senate in_committee 2026-03-12
Bill Details

Title: Insurance Commissioner; Captive Insurance Companies; Catastrophic Property and Casualty Risks; Authorization; Reports

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)

Sponsor
Angus L.K. McKelvey
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Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2026-03-12 Status in_committee
2026-03-12 Latest Action Referred to CPC, referral sheet 17
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