SB 2043HawaiiProcess complete

Captive insurers could seek exemptions from some examinations

If approved, qualifying captive insurance companies other than risk retention captives could ask the Insurance Commissioner for examination exemptions lasting up to five years.

What it does

Non-risk-retention captive insurers could ask the Insurance Commissioner to waive examinations after meeting reporting, compliance, examination, and other good-cause requirements.

Argument forA certificate could let compliant captive insurers avoid some further examinations, reducing repeated regulatory work while preserving the Commissioner's approval power.

Argument againstCompanies may face uncertainty because the Commissioner decides whether their reasons are sufficient and can require another examination after an exemption ends.

More detail

A captive insurance company could apply to the Insurance Commissioner for a certificate exempting it from examination. The process would exclude risk retention captive insurance companies and apply to other captive insurance companies covered by the law. The company must have completed at least one examination to the Commissioner's satisfaction. It must have filed required reports on time and continue filing them. An officer and the captive manager must attest to compliance with required provisions when applying and each year during the exemption. The company must show another good reason supporting the exemption request. The Commissioner could issue an exemption for up to five years, unless it is revoked earlier for good cause. A company could seek one successive renewal no earlier than six months before the current certificate expires.

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Where it stands

IntroducedJan 14
Passed SenateFeb 6
Passed HouseApr 9
To GovernorMay 8
Became LawJul 14

Looking ahead

No hearings or votes scheduled.

History

2026
1. Jul 14Act 255, 07/14/2026 (Gov. Msg. No. 1357).Latest
2. Jul 14Act 255, on 07/14/2026 (Gov. Msg. No. 1357).Became Law
3. May 8Received notice of passage on Final Reading in House (Hse. Com. No. 888).Minor
4. May 8Enrolled to Governor.To Governor
5. May 6Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.Major
  - Vote recorded Passed Final Reading as amended in CD 1. Result: pass.Lower
6. May 6Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).Major
7. May 6Received notice of Final Reading (Sen. Com. No. 816).Minor
8. Apr 29Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 46-26).
9. Apr 2948 Hrs. Notice (as amended CD 1) 05-06-26.
10. Apr 29Reported from Conference Committee (Conf Com. Rep. No. 46-26) as amended in (CD 1).
11. Apr 29Forty-eight (48) hours notice Wednesday, 05-06-26.
12. Apr 28The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 2 Aye(s): Senator(s) Keohokalole, Lamosao; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.Minor
  - Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
  - Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
13. Apr 28The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Matayoshi, Grandinetti, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.Minor
14. Apr 27Conference committee meeting to reconvene on 04-28-26 2:30PM; Conference Room 224.
15. Apr 24Bill scheduled for Conference Committee Meeting on Monday, 04-27-26 2:30PM in conference room 224.
16. Apr 23Received notice of Senate conferees (Sen. Com. No. 724).Minor
17. Apr 22Senate Conferees Appointed: Keohokalole Chair; Lamosao Co-Chair; Awa.
18. Apr 21House Conferees Appointed: Matayoshi Chair; Grandinetti, Pierick.
19. Apr 21Received notice of appointment of House conferees (Hse. Com. No. 800).Minor
20. Apr 10Received from House (Hse. Com. No. 499).Minor
21. Apr 10Senate disagrees with House amendments.Minor
22. Apr 10Received notice of disagreement (Sen. Com. No. 564).Minor
23. Apr 9Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1). Transmitted to Senate.Passed House
  - Vote recorded Passed Third Reading. Result: pass.Lower
24. Apr 7Reported from CPC (Stand. Com. Rep. No. 1812-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
  - Vote recorded Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading. Result: pass.Lower
25. Apr 7Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Lowen, Olds, Quinlan excused (3).
26. Mar 31The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Iwamoto, Kong, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.Minor
  - Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
27. Mar 27Bill scheduled to be heard by CPC on Tuesday, 03-31-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
28. Feb 12Referred to CPC, referral sheet 12Minor
29. Feb 10Pass First ReadingMinor
30. Feb 6Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: Senator(s) Ihara, McKelvey . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
  - Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
31. Feb 6Received from Senate (Sen. Com. No. 3) in amended form (SD 1).Minor
32. Feb 4Reported from CPN (Stand. Com. Rep. No. 2107) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
33. Feb 4Report adopted; Passed Second Reading, as amended (SD 1).Minor
34. Feb 448 Hrs. Notice 02-06-26.
35. Jan 29The 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, Awa; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Lamosao.Minor
  - Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
36. Jan 28The committee(s) on CPN has rescheduled its public hearing to 01-29-26 10:00AM; CR 229 & Videoconference.
37. Jan 23The committee(s) on CPN has scheduled a public hearing on 01-29-26 9:31AM; Conference Room 229 & Videoconference.
38. Jan 22Referred to CPN.Minor
39. Jan 21Introduced and passed First Reading.Minor
40. Jan 14Pending Introduction.Introduced

Government & EthicsPublic SafetyAI & Privacy

Issue with this bill?

SB 2043HawaiiProcess complete

Captive insurers could seek exemptions from some examinations

If approved, qualifying captive insurance companies other than risk retention captives could ask the Insurance Commissioner for examination exemptions lasting up to five years.

What it does

Non-risk-retention captive insurers could ask the Insurance Commissioner to waive examinations after meeting reporting, compliance, examination, and other good-cause requirements.

Argument forA certificate could let compliant captive insurers avoid some further examinations, reducing repeated regulatory work while preserving the Commissioner's approval power.

Argument againstCompanies may face uncertainty because the Commissioner decides whether their reasons are sufficient and can require another examination after an exemption ends.

More detail

Where do you stand?

Tell your reps

Take a position to see your representatives and ways to contact them.

More on this bill

Where it stands

IntroducedJan 14
Passed SenateFeb 6
Passed HouseApr 9
To GovernorMay 8
Became LawJul 14

Looking ahead

No hearings or votes scheduled.

History

2026
1. Jul 14Act 255, 07/14/2026 (Gov. Msg. No. 1357).Latest
2. Jul 14Act 255, on 07/14/2026 (Gov. Msg. No. 1357).Became Law
3. May 8Received notice of passage on Final Reading in House (Hse. Com. No. 888).Minor
4. May 8Enrolled to Governor.To Governor
5. May 6Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.Major
  - Vote recorded Passed Final Reading as amended in CD 1. Result: pass.Lower
6. May 6Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).Major
7. May 6Received notice of Final Reading (Sen. Com. No. 816).Minor
8. Apr 29Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 46-26).
9. Apr 2948 Hrs. Notice (as amended CD 1) 05-06-26.
10. Apr 29Reported from Conference Committee (Conf Com. Rep. No. 46-26) as amended in (CD 1).
11. Apr 29Forty-eight (48) hours notice Wednesday, 05-06-26.
12. Apr 28The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 2 Aye(s): Senator(s) Keohokalole, Lamosao; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.Minor
  - Vote recorded The Conference Committee recommends that the measure be Passed, with Amendments. Result: pass.Lower
  - Vote recorded The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
13. Apr 28The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Matayoshi, Grandinetti, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.Minor
14. Apr 27Conference committee meeting to reconvene on 04-28-26 2:30PM; Conference Room 224.
15. Apr 24Bill scheduled for Conference Committee Meeting on Monday, 04-27-26 2:30PM in conference room 224.
16. Apr 23Received notice of Senate conferees (Sen. Com. No. 724).Minor
17. Apr 22Senate Conferees Appointed: Keohokalole Chair; Lamosao Co-Chair; Awa.
18. Apr 21House Conferees Appointed: Matayoshi Chair; Grandinetti, Pierick.
19. Apr 21Received notice of appointment of House conferees (Hse. Com. No. 800).Minor
20. Apr 10Received from House (Hse. Com. No. 499).Minor
21. Apr 10Senate disagrees with House amendments.Minor
22. Apr 10Received notice of disagreement (Sen. Com. No. 564).Minor
23. Apr 9Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1). Transmitted to Senate.Passed House
  - Vote recorded Passed Third Reading. Result: pass.Lower
24. Apr 7Reported from CPC (Stand. Com. Rep. No. 1812-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
  - Vote recorded Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading. Result: pass.Lower
25. Apr 7Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Lowen, Olds, Quinlan excused (3).
26. Mar 31The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Iwamoto, Kong, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.Minor
  - Vote recorded The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. Result: pass.Lower
27. Mar 27Bill scheduled to be heard by CPC on Tuesday, 03-31-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
28. Feb 12Referred to CPC, referral sheet 12Minor
29. Feb 10Pass First ReadingMinor
30. Feb 6Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: Senator(s) Ihara, McKelvey . Noes, 0 (none). Excused, 0 (none). Transmitted to House.Passed Senate
  - Vote recorded Passed Third Reading, as amended (SD 1). Result: pass.Upper
31. Feb 6Received from Senate (Sen. Com. No. 3) in amended form (SD 1).Minor
32. Feb 4Reported from CPN (Stand. Com. Rep. No. 2107) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
33. Feb 4Report adopted; Passed Second Reading, as amended (SD 1).Minor
34. Feb 448 Hrs. Notice 02-06-26.
35. Jan 29The 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, Awa; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Lamosao.Minor
  - Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
36. Jan 28The committee(s) on CPN has rescheduled its public hearing to 01-29-26 10:00AM; CR 229 & Videoconference.
37. Jan 23The committee(s) on CPN has scheduled a public hearing on 01-29-26 9:31AM; Conference Room 229 & Videoconference.
38. Jan 22Referred to CPN.Minor
39. Jan 21Introduced and passed First Reading.Minor
40. Jan 14Pending Introduction.Introduced

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What it does

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Tell your reps

More on this bill

Where it stands

Looking ahead

History

What it does

Where do you stand?

Choose your position

Tell your reps

More on this bill

Where it stands

Looking ahead

History