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Legislative record

SB 2950STATE · HawaiiIntroduced

RELATING TO INSURANCE.

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)

Voted 3/12/2026

Roll-call record

How representatives voted

5 yea·0 nay

Docket history

Action history

  1. 3/12/2026Referred to CPC, referral sheet 17
  2. 3/12/2026Pass First Reading
  3. 3/10/2026Received from Senate (Sen. Com. No. 324) in amended form (SD 1).
  4. 3/10/2026Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
  5. 3/5/202648 Hrs. Notice 3/10/2026.
  6. 3/5/2026Report adopted; Passed Second Reading, as amended (SD 1).
  7. 3/5/2026Reported 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.
  8. 2/25/2026The 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.
  9. 2/20/2026The committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference.
  10. 1/30/2026Referred to CPN.