Bill Text: HI SB1484 | 2011 | Regular Session | Amended
Bill Title: Insurance; Fraternal Benefit Societies
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2011-04-27 - (S) Act 021, 4/27/2011 (Gov. Msg. No. 1121). [SB1484 Detail]
Download: Hawaii-2011-SB1484-Amended.html
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THE SENATE |
S.B. NO. |
1484 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
S.D. 1 |
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STATE OF HAWAII |
H.D. 2 |
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A BILL FOR AN ACT
relating to insurance.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 432:2-704, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) Nothing contained in this article shall be so construed as to affect or apply to:
(1) Grand or subordinate lodges of societies, orders,
or associations now doing business in this State [which] that provide
benefits exclusively through local or subordinate lodges;
(2) Orders, societies, or associations [which]
that admit to membership only persons engaged in one or more crafts or
hazardous occupations, in the same or similar lines of business, insuring only
their own members and their families, and the ladies' societies or ladies'
auxiliaries to such orders, societies, or associations;
(3) Domestic societies [which] that limit
their membership to employees of a particular city or town, designated firm,
business house or corporation [which] that provide for a death
benefit of not more than $400 or disability benefits of not more than $350 to
any person in any one year, or both; [or]
(4) Domestic societies or associations of a purely
religious, charitable or benevolent description, which provide for a death
benefit of not more than $400 or for disability benefits of not more than $350
to any one person in any one year, or both[.]; or
(5) Any association, whether a fraternal benefit society or not; provided that:
(A) The association was organized before 1880;
(B) The association's membership consists of active, retired, or honorably discharged members of the armed forces or sea services of the United States, including officers or enlisted members and regular or reserve members; and
(C) A principal purpose of the association is to provide insurance and other benefits to its members and their dependents or beneficiaries."
SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
Report Title:
Insurance; Fraternal Benefit Societies
Description:
Exempts from insurance code, associations (1) Organized before 1880; (2) Whose members are active, retired, or honorably discharged members of the U.S. armed forces or sea services; and (3) Whose principal purpose is to provide insurance and other benefits to their members. (SB1484 HD2)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
