Hawaii SB1050 amends insurance regulations to modify examination requirements for captive insurance companies.

Hawaii SB1050 revises the regulatory framework for captive insurance companies. It mandates annual filings with the insurance commissioner, including compliance certificates and examination reports from the domiciliary regulator. The bill extends the commissioner's examination powers to captive insurance companies and sets specific examination intervals. It also allows for exemptions from examinations for compliant companies and outlines confidentiality provisions for examination-related information.

Hawaii SB1050 amends insurance regulations to modify examination requirements for captive insurance companies.

Hawaii SB1050 revises the regulatory framework for captive insurance companies. It mandates annual filings with the insurance commissioner, including compliance certificates and examination reports from the domiciliary regulator. The bill extends the commissioner's examination powers to captive insurance companies and sets specific examination intervals. It also allows for exemptions from examinations for compliant companies and outlines confidentiality provisions for examination-related information.