Bill Commons

HI SB 2950

died on adjournment

RELATING TO INSURANCE.

Hawaii · 2026 Regular Session · upper

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Quick answers

Did HI SB 2950 pass?

No. HI SB 2950 died when the 2026 Regular Session adjourned without final action on it. Bills that die this way are sometimes reintroduced in a later session. Latest recorded action (2026-03-12): Pass First Reading

What is HI SB 2950 about?

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)

Who sponsors HI SB 2950?

MCKELVEY, CHANG, FUKUNAGA are the primary sponsors of HI SB 2950.

Description

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)

Introduced
2026-01-23
Latest action
2026-03-12 — Pass First Reading
Bill type
bill
Last updated
—

Subjects

Sponsors

  • MCKELVEYprimary
  • CHANGprimary
  • FUKUNAGAprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-03-12

    Pass First Reading

    reading-1

  2. 2026-03-12

    Referred to CPC, referral sheet 17

    referral-committee

  3. 2026-03-10

    Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

    passage

  4. 2026-03-10

    Received from Senate (Sen. Com. No. 324) in amended form (SD 1).

    introduction,receipt

  5. 2026-03-05

    Reported 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.

  6. 2026-03-05

    Report adopted; Passed Second Reading, as amended (SD 1).

    passage,reading-2,referral-committee

  7. 2026-03-05

    48 Hrs. Notice 3/10/2026.

  8. 2026-02-25

    The 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.

    committee-passage-favorable

  9. 2026-02-20

    The committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference.

  10. 2026-01-30

    Referred to CPN.

    referral-committee

  11. 2026-01-26

    Passed First Reading.

    reading-1

  12. 2026-01-23

    Introduced.

    introduction

Versions

Documents

Votes

  • The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS.

    2026-02-25 · pass · 5-0

    Member-level votes (5)
    • Keohokalole: yes
    • Fukunaga: yes
    • Lamosao: yes
    • McKelvey: yes
    • Awa: yes

  • Passed Third Reading, as amended (SD 1).

    2026-03-10 · pass · 25-0

Related bills

No related bills recorded for this bill.

Official source

https://capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2950&year=2026

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:20:09.051962Z

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