Hawaii SB 2043 — RELATING TO INSURANCE.

Hawaii, 2026. SB 2043: RELATING TO INSURANCE.

Plural source record ↗

Official legislative source ↗

Latest action

July 14, 2026 — Act 255, 07/14/2026 (Gov. Msg. No. 1357).

Summary

Until 12/31/2031, specifies that captive insurance companies that are not risk retention captive insurance companies are subject to examination no later than five years after licensure and any additional examination at the discretion of the Insurance Commissioner. On or after 1/1/2032, subjects captive insurance companies that are not risk retention captive insurance companies to examination at least once every five years. Requires the Insurance Commissioner to submit a report to the Legislature before the Regular Session of 2031. Effective 7/1/2026. (CD1)

Sponsors

• KEOHOKALOLE — primary sponsor

Bill text

SB2043_HD1 Read version ↗ Read version ↗

SB2043_CD1 Read version ↗ Read version ↗

SB2043_SD1 Read version ↗ Read version ↗

SB2043 Read version ↗ Read version ↗

Recorded votes

Legislative history

1. January 14, 2026Pending Introduction.
2. January 21, 2026Introduced and passed First Reading.
3. January 22, 2026Referred to CPN.
4. January 23, 2026The committee(s) on CPN has scheduled a public hearing on 01-29-26 9:31AM; Conference Room 229 & Videoconference.
5. January 28, 2026The committee(s) on CPN has rescheduled its public hearing to 01-29-26 10:00AM; CR 229 & Videoconference.
6. January 29, 2026The 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.
7. February 4, 2026Reported 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.
8. February 4, 2026Report adopted; Passed Second Reading, as amended (SD 1).
9. February 4, 202648 Hrs. Notice 02-06-26.
10. February 6, 2026Passed 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.
11. February 6, 2026Received from Senate (Sen. Com. No. 3) in amended form (SD 1).
12. February 10, 2026Pass First Reading
13. February 12, 2026Referred to CPC, referral sheet 12
14. March 27, 2026Bill scheduled to be heard by CPC on Tuesday, 03-31-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.
15. March 31, 2026The 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.
16. April 7, 2026Reported 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.
17. April 7, 2026Passed 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).
18. April 9, 2026Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1). Transmitted to Senate.
19. April 10, 2026Received from House (Hse. Com. No. 499).
20. April 10, 2026Senate disagrees with House amendments.
21. April 10, 2026Received notice of disagreement (Sen. Com. No. 564).
22. April 21, 2026House Conferees Appointed: Matayoshi Chair; Grandinetti, Pierick.
23. April 21, 2026Received notice of appointment of House conferees (Hse. Com. No. 800).
24. April 22, 2026Senate Conferees Appointed: Keohokalole Chair; Lamosao Co-Chair; Awa.
25. April 23, 2026Received notice of Senate conferees (Sen. Com. No. 724).
26. April 24, 2026Bill scheduled for Conference Committee Meeting on Monday, 04-27-26 2:30PM in conference room 224.
27. April 27, 2026Conference committee meeting to reconvene on 04-28-26 2:30PM; Conference Room 224.
28. April 28, 2026The 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.
29. April 28, 2026The 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.
30. April 29, 2026Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 46-26).
31. April 29, 202648 Hrs. Notice (as amended CD 1) 05-06-26.
32. April 29, 2026Reported from Conference Committee (Conf Com. Rep. No. 46-26) as amended in (CD 1).
33. April 29, 2026Forty-eight (48) hours notice Wednesday, 05-06-26.
34. May 6, 2026Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
35. May 6, 2026Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
36. May 6, 2026Received notice of Final Reading (Sen. Com. No. 816).
37. May 8, 2026Received notice of passage on Final Reading in House (Hse. Com. No. 888).
38. May 8, 2026Enrolled to Governor.
39. July 14, 2026Act 255, 07/14/2026 (Gov. Msg. No. 1357).
40. July 14, 2026Act 255, on 07/14/2026 (Gov. Msg. No. 1357).

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