SB2043 amends Hawaii insurance laws to modify the examination and exemption process for captive insurance companies.

SB2043 amends Hawaii Revised Statutes to revise the examination and exemption process for captive insurance companies. It requires branch captive insurance companies to file annually with the commissioner a certificate of compliance. The bill extends the commissioner's examination powers to captive insurance companies and allows for certificates of exemption from examination under certain conditions. The exemption certificate is valid for up to five years and can be renewed.

SB2043 amends Hawaii insurance laws to modify the examination and exemption process for captive insurance companies.

SB2043 amends Hawaii Revised Statutes to revise the examination and exemption process for captive insurance companies. It requires branch captive insurance companies to file annually with the commissioner a certificate of compliance. The bill extends the commissioner's examination powers to captive insurance companies and allows for certificates of exemption from examination under certain conditions. The exemption certificate is valid for up to five years and can be renewed.