Hawaii State Legislature
Bill Status
HB94 HD1 SD2 CD1 
Committee Reports All Testimony |
Generated on 9/16/2008 3:08:52 AM
Measure Title:
RELATING TO INSURANCE.
Report Title:
Life Settlements Model Act; Stranger-Originated Life Insurance
Description:
Enacts the Life Settlements Model Act, which establishes consumer protections in life settlement transactions where the owner of a life insurance policy transfers the death benefit for compensation that is less than the expected death benefit, but more than the surrender value of the policy. Requires the Insurance Commissioner to report annually to the Legislature on the implementation and effects of the Act. Sunsets in 2010. (HB94 CD1)
Package:
None
Companion:
Introducer(s):
HERKES
Current Referral:
CPC, JUD, FIN
| Date | Status Text | |
|---|---|---|
| 1/17/2007 | H | Pending introduction. |
| 1/18/2007 | H | Introduced and Pass First Reading. |
| 1/22/2007 | H | Referred to CPC, referral sheet 1 |
| 8/27/2007 3:02:28 PM | D | Carried over to 2008 Regular Session. |
| 1/25/2008 | H | Bill scheduled for decision making on Monday, 01-28-08 at 2:00 pm in conference room 325. |
| 1/28/2008 | H | The committee recommends that the measure pass with amendments, for recommittal for further consideration. The votes were as follows: 9 Ayes: Representative(s) Herkes, McKelvey, Green, Ito, Luke, Sonson, Tsuji, Yamane, Yamashita; Ayes with reservations: none; 0 Noes: none; and 5 Excused: Representative(s) Evans, Morita, Souki, Marumoto, Thielen. |
| 1/30/2008 | H | Reported from CPC (Stand. Com. Rep. No. 24-08) as amended in HD 1. |
| 1/30/2008 | H | Recommends recommittal to CPC. |
| 1/30/2008 | H | HD 1 adopted and recommitted to CPC for further consideration with none voting no and none excused. |
| 1/31/2008 | H | Re-referred to CPC, FIN, referral sheet 12 |
| 1/31/2008 | H | Bill scheduled to be heard by CPC on Monday, 02-04-08 in House conference room 325. |
| 2/4/2008 | H | The committees on CPC recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 13 Ayes: Herkes, McKelvey, Evans, Green, Ito, Luke, Morita, Sonson, Souki, Tsuji, Yamane, Yamashita, Marumoto; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Thielen. |
| 2/11/2008 | H | Reported from CPC (Stand. Com. Rep. No. 315-08), recommending passage on Second Reading and referral to FIN. |
| 2/12/2008 | H | Passed Second Reading and referred to the committee(s) on FIN with none voting no (0) and Nakasone, M. Oshiro, Sagum excused (3). |
| 2/19/2008 | H | Bill scheduled to be heard by FIN on Friday, 02-22-08 at 12:00 pm in House conference room 308. |
| 2/22/2008 | H | The committees on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 18 Ayes: M. Oshiro, Lee, Awana, Belatti, Brower, Carroll, Hanohano, Har, Karamatsu, Magaoay, Manahan, Mizuno, Rhoads, Sagum, Tokioka, Meyer, Pine, Ward; Ayes with reservations: none; 0 Noes: none; and 1 Excused: Nakasone. |
| 2/28/2008 | H | Reported from FIN (Stand. Com. Rep. No. 811-08), recommending passage on Third Reading. |
| 2/29/2008 | H | Passed Third Reading with none voting no (0) and Finnegan, Nakasone excused (2). Transmitted to Senate. |
| 3/4/2008 | S | Received from House (Hse. Com. No. 23). |
| 3/4/2008 | S | Passed First Reading. |
| 3/6/2008 | S | Referred to CPH, WAM. |
| 3/7/2008 | S | The committee(s) on CPH has scheduled a public hearing on 03-11-08 at 9:00 am in conference room 229. |
| 3/11/2008 | S | The committee(s) on CPH deferred the measure until 03-18-08 at 9:00 am in conference room 229. |
| 3/18/2008 | S | The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 4 Aye(s): Senator(s) Kokubun, Espero, Taniguchi, Trimble; Aye(s) with reservations: none ; 0 No(es): none; and 3 Excused: Senator(s) Ige, Ihara, Sakamoto. |
| 3/19/2008 | S | Re-Referred to CPH, JDL. |
| 3/20/2008 | S | Reported from CPH (Stand. Com. Rep. No. 3081) with recommendation of passage on Second Reading, as amended (SD 1) and referral to JDL. |
| 3/20/2008 | S | Report adopted; Passed Second Reading, as amended (SD 1) and referred to JDL. |
| 3/20/2008 | S | The committee(s) on JDL will hold a public decision making on 03-25-08 at 9:45 am in conference room 016. |
| 3/25/2008 | S | The committee(s) on JDL deferred the measure until 03-28-08 at 9:30 am in conference room 016. |
| 3/28/2008 | S | The committee(s) on JDL recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDL were as follows: 6 Aye(s): Senator(s) Taniguchi, Hee, Gabbard, Kokubun, Nishihara, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. |
| 4/4/2008 | S | Reported from JDL (Stand. Com. Rep. No. 3343) with recommendation of passage on Third Reading, as amended (SD 2). |
| 4/4/2008 | S | 48 Hrs. Notice 04-08-08. |
| 4/8/2008 | S | Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. |
| 4/8/2008 | H | Returned from Senate (Sen. Com. No. 473) in amended form (SD 2). |
| 4/10/2008 | H | House disagrees with Senate amendment (s). |
| 4/11/2008 | S | Received notice of disagreement (Hse. Com. No. 649). |
| 4/14/2008 | S | Senate Conferees appointed: Kokubun, Chair; Taniguchi, Co-Chair(s); Ige, Trimble. |
| 4/14/2008 | H | House conferees appointed: Herkes, Waters, M. Oshiro Co-Chairs; Marumoto. |
| 4/14/2008 | H | Received notice of Senate conferees (Sen. Com. No. 659). |
| 4/14/2008 | S | Received notice of appointment of House conferees (Hse. Com. No. 729). |
| 4/14/2008 | H | Re-referred to CPC, JUD, FIN, referral sheet 79 |
| 4/14/2008 | H | Bill scheduled for Conference Committee Meeting on Wednesday, 04-16-08 at 10:00 am in conference room 016. |
| 4/16/2008 | H | Conference Committee Meeting will reconvene on Thursday 04-17-08 at 2:00 pm in conference room 016. |
| 4/17/2008 | H | Conference Committee Meeting will reconvene on Monday 04-21-08 at 1:00 pm in conference room 016. |
| 4/21/2008 | H | Conference Committee Meeting will reconvene on Tuesday 04-22-08 at 1:45 pm in conference room 016. |
| 4/22/2008 | H | Conference Committee Meeting will reconvene on Wednesday 04-23-08 at 1:30 pm in conference room 016. |
| 4/22/2008 | H | This measure has been deleted from the meeting scheduled on Wednesday 04-23-08 at 1:30 pm in conference room 016. |
| 4/22/2008 | H | Conference Committee Meeting will reconvene on Thursday 04-24-08 at 1:30 pm in conference room 016. |
| 4/24/2008 | S | Conference committee meeting to reconvene on 04-25-08 at 1:45 pm in conference room 016. |
| 4/25/2008 | H | The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Herkes, Waters, M. Oshiro, Marumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none. |
| 4/25/2008 | S | The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Kokubun, Taniguchi, Trimble; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Ige. |
| 4/25/2008 | S | Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 128-08). |
| 4/25/2008 | H | Reported from Conference Committee (Conf Com. Rep. No. 128-08) as amended in (CD 1). |
| 4/25/2008 | H | Forty-eight (48) hours notice Tuesday 04-29-08. |
| 4/25/2008 | S | 48 Hrs. Notice (as amended CD 1) 04-29-08. |
| 4/29/2008 | S | Passed Final Reading, as amended (CD 1). 25 Aye(s); Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none. |
| 4/29/2008 | H | Passed Final Reading as amended in CD 1 with none voting no (0) and Representative(s) Nakasone excused (1). |
| 4/30/2008 | H | Received notice of Final Reading (Sen. Com. No. 729). |
| 5/1/2008 | S | Received notice of passage on Final Reading in House (Hse. Com. No. 824). |
| 5/5/2008 | H | Transmitted to Governor. |
| 6/16/2008 | H | Act 177, on 6/16/2008 (Gov. Msg. No. 489). |
| 6/16/2008 | S | Act 177, 6/16/2008 (Gov. Msg. No. 819). |