Hawaii SB2043: Relating to Insurance.

What the bill says

A bill for an act relating to insurance.

From the enrolled text:

A BILL FOR AN ACT RELATING TO INSURANCE. SECTION 1. Section 431:19-108, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows: "(a) The commissioner or any authorized examiner may conduct an examination, investigation, or financial surveillance of any captive insurance company as often as the commissioner deems appropriate; provided that, unless the commissioner requires otherwise: (1) [An examination shall be cond-aotod at least once every five years--for all--captive insurance companies,--except as provided in paragraph--(2) ■,*--and] Except as provided in paragraph (2), each captive insurance company, other than a risk retention captive insurance company, shall be subject to an examination no later than five years after licensure. Thereafter, until December 31, 2031, the captive insurance company shall be subject to examination at the discretion of the commissioner; provided that on or after January 1, 2032, each l2l0■26l-l2n47l6i lSlBH204l3l l■GDIi ■SlMlAl.ldlo■cxl Page S.B. NO. C.D. captive insurance company shall be subject to examination at least once every five years; and (2) An examination of a risk retention captive insurance company shall be conducted no later than three years after its formation and at least once every five years thereafter. The commissioner or any authorized examiner shall thoroughly inspect and examine the captive insurance company's affairs to ascertain its financial condition, its ability to fulfill its obligations, and whether …

Read the full official text

Sponsors

• Jarrett Keohokalole (D, 24) · primary sponsor

Latest actions

1. July 14, 2026: Act 255, on 07/14/2026 (Gov. Msg. No. 1357).
2. July 14, 2026: Act 255, 07/14/2026 (Gov. Msg. No. 1357).
3. May 8, 2026: Enrolled to Governor.
4. May 8, 2026: Received notice of passage on Final Reading in House (Hse. Com. No. 888).
5. May 6, 2026: Received notice of Final Reading (Sen. Com. No. 816).
6. May 6, 2026: Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
7. May 6, 2026: Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
8. April 29, 2026: Forty-eight (48) hours notice Wednesday, 05-06-26.
9. April 29, 2026: Reported from Conference Committee (Conf Com. Rep. No. 46-26) as amended in (CD 1).
10. April 29, 2026: 48 Hrs. Notice (as amended CD 1) 05-06-26.

Votes

• Passed Final Reading, as amended (CD 1) (May 6, 2026): 25 yea, 0 nay, passed
• Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0) (May 6, 2026): 51 yea, 0 nay, passed
• none. (April 28, 2026): 3 yea, 0 nay, passed
• Conference Committee Vote (April 28, 2026): 2 yea, 0 nay, passed
• Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1) (April 9, 2026): 50 yea, 0 nay, passed
• 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) (April 7, 2026): 48 yea, 0 nay, passed

Common questions

What is SB2043?

SB2043 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to Insurance.

What does SB2043 do?

In its own words: A bill for an act relating to insurance.

What is the status of SB2043?

Signed into law as of July 14, 2026. Latest action: Act 255, on 07/14/2026 (Gov. Msg. No. 1357). (July 14, 2026).

Who sponsored SB2043?

Jarrett Keohokalole (D, 24).

Where is the official record for SB2043?

On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2043&year=2026