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SB2043Introduced in the Senate

Relating To Insurance.

Passed

Introduced by Jarrett Keohokalole, District 24

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Until 12/31/2031, specifies that captive insurance companies that are not risk retention captive insurance companies are subject to examination no later than five years after licensure and any additional examination at the discretion of the Insurance Commissioner. On or after 1/1/2032, subjects captive insurance companies that are not risk retention captive insurance companies to examination at least once every five years. Requires the Insurance Commissioner to submit a report to the Legislature before the Regular Session of 2031. Effective 7/1/2026. (CD1)

Where it stands

Act 255, on 07/14/2026 (Gov. Msg. No. 1357).

July 14, 2026

How did lawmakers vote?

House votes

1 recorded vote · each counted separately

Senate votes

2 recorded votes · each counted separately

SenateStage: Senate Conference: Passed, With Amendments · April 28, 2026

2

Yes

0

No

1

Absent or Not Voting

3 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

See how each senator voted

SenatorDistrictVote
Rachele Fernandez Lamosao19Yes
Brenton Awa23Absent
Jarrett Keohokalole24Yes

Bill history

  1. Pending Introduction.

  2. Introduced and passed First Reading.

  3. Referred to CPN.

  4. The committee(s) on CPN has scheduled a public hearing on 01-29-26 9:31AM; Conference Room 229 & Videoconference.

  5. The committee(s) on CPN has rescheduled its public hearing to 01-29-26 10:00AM; CR 229 & Videoconference.

  6. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Awa; Aye(s) with reservations: Senator(s) McKelvey ; 0 No(es): none; and 1 Excused: Senator(s) Lamosao.

  7. Reported from CPN (Stand. Com. Rep. No. 2107) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.

  8. Report adopted; Passed Second Reading, as amended (SD 1).

  9. 48 Hrs. Notice 02-06-26.

  10. Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: Senator(s) Ihara, McKelvey . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

  11. Received from Senate (Sen. Com. No. 3) in amended form (SD 1).

  12. Pass First Reading

  13. Referred to CPC, referral sheet 12

  14. Bill scheduled to be heard by CPC on Tuesday, 03-31-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE.

  15. The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Iwamoto, Kong, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.

  16. Reported from CPC (Stand. Com. Rep. No. 1812-26) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.

  17. Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Lowen, Olds, Quinlan excused (3).

  18. Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1). Transmitted to Senate.

  19. Received from House (Hse. Com. No. 499).

  20. Senate disagrees with House amendments.

  21. Received notice of disagreement (Sen. Com. No. 564).

  22. House Conferees Appointed: Matayoshi Chair; Grandinetti, Pierick.

  23. Received notice of appointment of House conferees (Hse. Com. No. 800).

  24. Senate Conferees Appointed: Keohokalole Chair; Lamosao Co-Chair; Awa.

  25. Received notice of Senate conferees (Sen. Com. No. 724).

  26. Bill scheduled for Conference Committee Meeting on Monday, 04-27-26 2:30PM in conference room 224.

  27. Conference committee meeting to reconvene on 04-28-26 2:30PM; Conference Room 224.

  28. 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) Keohokalole, Lamosao; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.

  29. The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Matayoshi, Grandinetti, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

  30. Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 46-26).

  31. 48 Hrs. Notice (as amended CD 1) 05-06-26.

  32. Reported from Conference Committee (Conf Com. Rep. No. 46-26) as amended in (CD 1).

  33. Forty-eight (48) hours notice Wednesday, 05-06-26.

  34. Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

  35. Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).

  36. Received notice of Final Reading (Sen. Com. No. 816).

  37. Received notice of passage on Final Reading in House (Hse. Com. No. 888).

  38. Enrolled to Governor.

  39. Act 255, 07/14/2026 (Gov. Msg. No. 1357).

  40. Act 255, on 07/14/2026 (Gov. Msg. No. 1357).

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