Amends Hawaii insurance laws to regulate captive insurance companies, including application requirements and permissible insurance types.

The bill amends Hawaii insurance laws to regulate captive insurance companies. It specifies that captive insurance companies must apply for a certificate of authority to conduct insurance business in the state. The application process includes filing organizational documents, financial information, and other required statements. The bill outlines the types of insurance that captive insurance companies can offer, such as casualty, marine, and property insurance, while prohibiting certain personal insurance coverages.

Amends Hawaii insurance laws to regulate captive insurance companies, including application requirements and permissible insurance types.

The bill amends Hawaii insurance laws to regulate captive insurance companies. It specifies that captive insurance companies must apply for a certificate of authority to conduct insurance business in the state. The application process includes filing organizational documents, financial information, and other required statements. The bill outlines the types of insurance that captive insurance companies can offer, such as casualty, marine, and property insurance, while prohibiting certain personal insurance coverages.