HI SB3062 | 2012 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on July 10 2012 - 100% progression
Action: 2012-07-10 - (S) Act 256, 7/6/2012 (Gov. Msg. No. 1359).
Text: Latest bill text (Amended) [HTML]

Summary

Enacts the Life Settlements Model Act, which establishes consumer protections in life settlement transactions in which the owner of a life insurance policy transfers the death benefit for compensation that is more than the policy's cash surrender value but less than its expected death benefit. (CD1)

Tracking Information

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Title

Insurance; Life Settlements Model Act; Stranger-Originated Life Insurance

Sponsors


History

DateChamberAction
2012-07-10 (S) Act 256, 7/6/2012 (Gov. Msg. No. 1359).
2012-07-10 (H) Act 256, on 7/6/2012 (Gov. Msg. No. 1359).
2012-05-08 (S) Enrolled to Governor.
2012-05-02 (S) Received notice of passage on Final Reading in House (Hse. Com. No. 720).
2012-05-01 (H) Received notice of Final Reading (Sen. Com. No. 831).
2012-05-01 (H) Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
2012-05-01 (S) Passed Final Reading, as amended (CD 1). 25 Aye(s); Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
2012-04-26 (S) 48 Hrs. Notice (as amended CD 1) 05-01-12.
2012-04-26 (H) Forty-eight (48) hours notice Tuesday, 05-01-12.
2012-04-26 (H) Reported from Conference Committee (Conf Com. Rep. No. 17-12) as amended in (CD 1).
2012-04-26 (S) Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 17-12).
2012-04-26 (H) The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 4 Ayes: Representative(s) Herkes, Choy, Tsuji, Marumoto; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
2012-04-26 (S) The 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) Baker, Taniguchi; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Slom.
2012-04-24 (S) Conference committee meeting to reconvene on 04-26-12 9:15AM in conference room 016.
2012-04-20 (S) Conference committee meeting to reconvene on 04-24-12 10:00AM in conference room 016.
2012-04-18 (S) Conference committee meeting to reconvene on 04-20-12 10:00AM in conference room 016.
2012-04-17 (S) Conference committee meeting scheduled for 04-18-12 3:00PM in conference room 016.
2012-04-17 (S) Received notice of appointment of House conferees (Hse. Com. No. 611).
2012-04-16 (H) Received notice of Senate conferees (Sen. Com. No. 755).
2012-04-16 (S) Senate Conferees appointed: Baker, Chair; Taniguchi, Slom.
2012-04-16 (H) House conferees appointed: Herkes, Choy Co-Chairs; Tsuji, Marumoto.
2012-04-12 (H) Received notice of disagreement (Sen. Com. No. 679).
2012-04-12 (S) Senate disagrees with House amendments.
2012-04-12 (S) Received from House (Hse. Com. No. 546).
2012-04-10 (H) Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.
2012-04-05 (H) Forty-eight (48) hours notice Tuesday, 04-10-12.
2012-04-05 (H) Reported from FIN (Stand. Com. Rep. No. 1624-12) as amended in HD 2, recommending passage on Third Reading.
2012-04-03 (H) The committees on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 17 Ayes: Representative(s) Oshiro, M. Lee, Choy, Cullen, Giugni, Har, Hashem, Ichiyama, Jordan, Kawakami, C. Lee, Morikawa, Tokioka, Yamashita, Marumoto, Riviere, Ward; Ayes with reservations: none; Noes: none; and Excused: none.
2012-04-02 (H) Broadcast of hearing/briefing available. See: www.capitoltv.org
2012-03-29 (H) Bill scheduled to be heard by FIN on Monday, 04-02-12 5:00PM in House conference room 308.
2012-03-20 (H) Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Chang, Herkes, Nakashima, Pine, Tokioka excused (5).
2012-03-20 (H) Reported from CPC (Stand. Com. Rep. No. 1120-12) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
2012-03-12 (H) The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Herkes, Yamane, Brower, Cabanilla, Keith-Agaran, Souki, Tsuji, Ching, Marumoto, Thielen; Ayes with reservations: none; Noes: none; and 5 Excused: Representative(s) Carroll, Coffman, Ito, Luke, McKelvey.
2012-03-09 (H) Bill scheduled to be heard by CPC on Monday, 03-12-12 2:10PM in House conference room 325.
2012-03-08 (H) Referred to CPC, FIN, referral sheet 41
2012-03-08 (H) Pass First Reading
2012-03-06 (H) Received from Senate (Sen. Com. No. 409) in amended form (SD 1).
2012-03-06 (S) Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2012-03-01 (S) 48 Hrs. Notice 03-06-12.
2012-03-01 (S) Report adopted; Passed Second Reading, as amended (SD 1).
2012-03-01 (S) Reported from CPN (Stand. Com. Rep. No. 2444) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2012-02-22 (S) 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) Baker, Taniguchi, Green, Solomon, Slom; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Galuteria, Nishihara.
2012-01-31 (S) The committee(s) on CPN has scheduled a public hearing on 02-22-12 9:00AM in conference room 229.
2012-01-27 (S) Referred to CPN.
2012-01-27 (S) Passed First Reading.
2012-01-25 (S) Introduced.

Hawaii State Sources


Bill Comments

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