SB 1369: Insurance; Net Solvency Report; Mutual Benefit Societies; Health Maintenance Organizations; Dental Insurers
- Session Year: 2025-2026
- House: Senate
- Latest Version Date: 2025-03-31
Current Status:
In Progress
(2025-05-16: Act 061, on 05/16/2025 (Gov. Msg. No. 1161).)
Introduced
In Committee
First Chamber
In Committee
Second Chamber
Final Decking
Enacted
Amends net solvency report filing requirements for mutual benefit societies, dental insurers, and health maintenance organizations. Effective 10/1/2025. (HD1)
Beginning 10/1/2025, amends net solvency report filing requirements for mutual benefit societies, dental insurers, and health maintenance organizations. Effective 7/1/2050. (SD1)
Provides amendments to net solvency report filing requirements for mutual benefit societies, dental insurers, and health maintenance organizations. Effective 10/1/2025.
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THE SENATE |
S.B. NO. |
1369 |
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THIRTY-THIRD LEGISLATURE, 2025 |
S.D. 1 |
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STATE OF HAWAII |
H.D. 1 |
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A BILL FOR AN ACT
RELATING TO TITLE 24, HAWAII REVISED STATUTES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"(g) Each domestic mutual benefit society shall
prepare and submit for review by the commissioner on or before the
forty-fifth day [of] after each [quarter,] of the first
three calendar quarters, and for the fourth calendar quarter ending December
31, on or before the next March 1, a copy of its quarterly
net solvency report verified by at least two principal officers. The commissioner may prescribe the forms on
which the reports are to be prepared.
Each domestic mutual benefit society shall maintain a copy of its
current net solvency report on the premises of its primary place of
business. The commissioner may order an
examination, subject to article 2 of chapter 431, to determine whether a
domestic mutual benefit society is in compliance with this section. Any domestic mutual benefit society that
fails or refuses to prepare or [produce] submit for review the
quarterly net solvency report as required by this subsection shall be liable
for a penalty in an amount [not] no less than $100 and [not]
no more than $500 per day."
SECTION 2. Section 432D-8, Hawaii Revised Statutes, is amended by amending subsection (g) to read as follows:
"(g) Each health maintenance organization shall
prepare and submit for review by the commissioner on or before the
forty-fifth day [of] after each [quarter,] of
the first three calendar quarters, and for the fourth calendar quarter ending
December 31, on or before the next March 1,
a copy of its quarterly net solvency report verified by at least two principal
officers. The commissioner may prescribe
the forms on which the reports are to be prepared. Every health maintenance organization shall
maintain a copy of its current net solvency report on the premises of its
primary place of business. The
commissioner may order an examination, subject to article 2 of chapter 431, to
determine whether a health maintenance organization is in compliance with this
section. Any health maintenance
organization that fails or refuses to prepare or [produce] submit
for review the quarterly net solvency report as required by this subsection
shall be liable for a penalty in an amount [not] no less than
$100 and [not] no more than $500 per day."
SECTION 3. Section 432G-6, Hawaii Revised Statutes, is amended by amending subsections (g) and (h) to read as follows:
"(g) Each dental insurer shall prepare and
submit for review by the commissioner on or before the forty-fifth day [of]
after each [quarter,] of the first three calendar quarters, and
for the fourth calendar quarter ending December 31, on or before the next March
1, a copy of its quarterly net solvency report verified by at least two
principal officers. The commissioner may
prescribe the forms on which the reports are to be prepared. Every dental insurer shall maintain a copy of
its current net solvency report on the premises of its primary place of
business.
(h) The commissioner may order an examination,
subject to article 2 of chapter 431, to determine whether a dental insurer is
in compliance with this section. Any
dental insurer that fails or refuses to prepare or [produce] submit
for review the quarterly net solvency report or any of the documents as
required by this section shall be liable for a penalty pursuant to section 432G‑4(c)."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on October 1, 2025.
Report Title:
Insurance; Net Solvency Report; Mutual Benefit Societies; Health Maintenance Organizations; Dental Insurers
Description:
Amends net solvency report filing requirements for mutual benefit societies, dental insurers, and health maintenance organizations. Effective 10/1/2025. (HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
|
THE SENATE |
S.B. NO. |
1369 |
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THIRTY-THIRD LEGISLATURE, 2025 |
S.D. 1 |
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STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
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|
||
A BILL FOR AN ACT
RELATING TO TITLE 24, HAWAII REVISED STATUTES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"(g) Each domestic mutual benefit society shall
prepare and submit for review by the commissioner on or before the
forty-fifth day [of] after each [quarter,] of the first
three calendar quarters, and for the fourth calendar quarter ending December
31, on or before the next March 1, a copy of its quarterly
net solvency report verified by at least two principal officers. The commissioner may prescribe the forms on
which the reports are to be prepared.
Each domestic mutual benefit society shall maintain a copy of its
current net solvency report on the premises of its primary place of
business. The commissioner may order an
examination, subject to article 2 of chapter 431, to determine whether a
domestic mutual benefit society is in compliance with this section. Any domestic mutual benefit society that
fails or refuses to prepare or [produce] submit for review the
quarterly net solvency report as required by this subsection shall be liable
for a penalty in an amount not less than $100 and not more than $500 per day."
SECTION 2. Section 432D-8, Hawaii Revised Statutes, is amended by amending subsection (g) to read as follows:
"(g) Each health maintenance organization shall
prepare and submit for review by the commissioner on or before the
forty-fifth day [of] after each [quarter,] of
the first three calendar quarters, and for the fourth calendar quarter ending
December 31, on or before the next March 1,
a copy of its quarterly net solvency report verified by at least two principal
officers. The commissioner may prescribe
the forms on which the reports are to be prepared. Every health maintenance organization shall
maintain a copy of its current net solvency report on the premises of its
primary place of business. The
commissioner may order an examination, subject to article 2 of chapter 431, to
determine whether a health maintenance organization is in compliance with this
section. Any health maintenance
organization that fails or refuses to prepare or [produce] submit
for review the quarterly net solvency report as required by this subsection
shall be liable for a penalty in an amount not less than $100 and not more than
$500 per day."
SECTION 3. Section 432G-6, Hawaii Revised Statutes, is amended by amending subsections (g) and (h) to read as follows:
"(g) Each dental insurer shall prepare and
submit for review by the commissioner on or before the forty-fifth day [of]
after each [quarter,] of the first three calendar quarters, and
for the fourth calendar quarter ending December 31, on or before the next March
1, a copy of its quarterly net solvency report verified by at least two
principal officers. The commissioner may
prescribe the forms on which the reports are to be prepared. Every dental insurer shall maintain a copy of
its current net solvency report on the premises of its primary place of
business.
(h) The commissioner may order an examination,
subject to article 2 of chapter 431, to determine whether a dental insurer is
in compliance with this section. Any
dental insurer that fails or refuses to prepare or [produce] submit
for review the quarterly net solvency report or any of the documents as
required by this section shall be liable for a penalty pursuant to section 432G‑4(c)."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect on July 1, 2050; provided that sections 1, 2, and 3 of this Act shall take effect on October 1, 2025.
Report Title:
Insurance; Net Solvency Report; Mutual Benefit Society; Health Maintenance Organization; Dental Insurers
Description:
Beginning 10/1/2025, amends net solvency report filing requirements for mutual benefit societies, dental insurers, and health maintenance organizations. Effective 7/1/2050. (SD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
|
THE SENATE |
S.B. NO. |
1369 |
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THIRTY-THIRD LEGISLATURE, 2025 |
|
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO TITLE 24, HAWAII REVISED STATUTES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"(g) Each domestic mutual benefit society shall
prepare and submit for review by the commissioner on or before the
forty-fifth day [of] after each [quarter,] of the first
three calendar quarters, and for the fourth calendar quarter ending December
31, on or before the next March 1, a copy of its quarterly
net solvency report verified by at least two principal officers. The commissioner may prescribe the forms on
which the reports are to be prepared.
Each domestic mutual benefit society shall maintain a copy of its
current net solvency report on the premises of its primary place of
business. The commissioner may order an
examination, subject to article 2 of chapter 431, to determine whether a
domestic mutual benefit society is in compliance with this section. Any domestic mutual benefit society that
fails or refuses to prepare or [produce] submit for review the
quarterly net solvency report as required by this subsection shall be liable
for a penalty in an amount not less than $100 and not more than $500 per day."
SECTION 2. Section 432D-8, Hawaii Revised Statutes, is amended by amending subsection (g) to read as follows:
"(g) Each health maintenance organization shall
prepare and submit for review by the commissioner on or before the
forty-fifth day [of] after each [quarter,] of
the first three calendar quarters, and for the fourth calendar quarter ending
December 31, on or before the next March 1,
a copy of its quarterly net solvency report verified by at least two principal
officers. The commissioner may prescribe
the forms on which the reports are to be prepared. Every health maintenance organization shall
maintain a copy of its current net solvency report on the premises of its
primary place of business. The
commissioner may order an examination, subject to article 2 of chapter 431, to
determine whether a health maintenance organization is in compliance with this
section. Any health maintenance
organization that fails or refuses to prepare or [produce] submit
for review the quarterly net solvency report as required by this subsection
shall be liable for a penalty in an amount not less than $100 and not more than
$500 per day."
SECTION 3. Section 432G-6, Hawaii Revised Statutes, is amended by amending subsections (g) and (h) to read as follows:
"(g) Each dental insurer shall prepare and
submit for review by the commissioner on or before the forty-fifth day [of]
after each [quarter,] of the first three calendar quarters, and
for the fourth calendar quarter ending December 31, on or before the next March
1, a copy of its quarterly net solvency report verified by at least two
principal officers. The commissioner may
prescribe the forms on which the reports are to be prepared. Every dental insurer shall maintain a copy of
its current net solvency report on the premises of its primary place of
business.
(h) The commissioner may order an examination,
subject to article 2 of chapter 431, to determine whether a dental insurer is
in compliance with this section. Any
dental insurer that fails or refuses to prepare or [produce] submit
for review the quarterly net solvency report or any of the documents as
required by this section shall be liable for a penalty pursuant to section 432G‑4(c)."
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act, upon its approval, shall take effect on October 1, 2025.
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INTRODUCED BY: |
_____________________________ |
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BY REQUEST |
Report Title:
Insurance; Net Solvency Report
Description:
Provides amendments to net solvency report filing requirements for mutual benefit societies, dental insurers, and health maintenance organizations. Effective 10/1/2025.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
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Date
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Status
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| May 16, 2025 | Act 061, on 05/16/2025 (Gov. Msg. No. 1161). |
| May 16, 2025 | Act 061, 05/16/2025 (Gov. Msg. No. 1161). |
| Apr 23, 2025 | Enrolled to Governor. |
| Apr 23, 2025 | Received notice of Final Reading (Sen. Com. No. 871). |
| Apr 23, 2025 | Passed Final Reading. Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none. |
| Apr 22, 2025 | Received notice of all Senate conferees being discharged (Sen. Com. No. 861). |
| Apr 22, 2025 | Received notice of reconsideration and Senate agreement (Sen. Com. No. 857). |
| Apr 22, 2025 | One Day Notice 04-23-25 |
| Apr 22, 2025 | Senate agrees with House amendments. Placed on the calendar for Final Reading on 04-23-25. |
| Apr 22, 2025 | Reconsideration of action taken on 04-04-25 in disagreeing to the House amendments. |
| Apr 22, 2025 | Senate Conferee(s) discharged. |
| Apr 15, 2025 | Received notice of Senate conferees (Sen. Com. No. 789). |
| Apr 15, 2025 | Senate Conferees Appointed: Fukunaga Chair; McKelvey Co-Chair; Awa. |
| Apr 15, 2025 | Received notice of appointment of House conferees (Hse. Com. No. 731). |
| Apr 14, 2025 | House Conferees Appointed: Chun Chair; Tam, Pierick. |
| Apr 4, 2025 | Received notice of disagreement (Sen. Com. No. 590). |
| Apr 4, 2025 | Senate disagrees with House amendments. |
| Apr 4, 2025 | Received from House (Hse. Com. No. 487). |
| Apr 3, 2025 | Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Woodson excused (2). Transmitted to Senate. |
| Apr 1, 2025 | 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) Cochran, Woodson excused (2). |
| Apr 1, 2025 | Reported from CPC (Stand. Com. Rep. No. 1741) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading. |
| Mar 25, 2025 | The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none. |
| Mar 21, 2025 | Bill scheduled to be heard by CPC on Tuesday, 03-25-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE. |
| Mar 6, 2025 | Referred to CPC, referral sheet 19 |
| Mar 6, 2025 | Pass First Reading |
| Mar 4, 2025 | Received from Senate (Sen. Com. No. 315) in amended form (SD 1). |
| Mar 4, 2025 | Report adopted; Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House. |
| Feb 27, 2025 | 48 Hrs. Notice 03-04-25. |
| Feb 27, 2025 | Report adopted; Passed Second Reading, as amended (SD 1). |
| Feb 27, 2025 | Reported from CPN (Stand. Com. Rep. No. 795) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. |
| Feb 4, 2025 | 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, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Richards. |
| Jan 30, 2025 | The committee(s) on CPN has scheduled a public hearing on 02-04-25 9:35AM; Conference Room 229 & Videoconference. |
| Jan 27, 2025 | Referred to CPN. |
| Jan 23, 2025 | Introduced and passed First Reading. |
| Jan 21, 2025 | Pending Introduction. |
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Date
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Description
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Location
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Votes
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| Apr 23, 2025 | Final Reading | Senate Floor |
Passed |
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| Apr 3, 2025 | Third Reading | House Floor |
Passed |
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| Mar 25, 2025 | The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS | House Standing Committee on Consumer Protection & Commerce |
Passed |
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| Mar 4, 2025 | Third Reading | Senate Floor |
Passed |
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| Feb 4, 2025 | The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS | Senate Standing Committee on Commerce and Consumer Protection |
Passed |
This list shows positions taken on this bill by organizations on the date displayed, which is linked to the original source.
Positions by individuals are not included.
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Organization
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Position
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Date
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| Consumer Affairs | ** Support | |
| Department of Commerce | ** Support |
STAND. COM. REP. NO. 1741
Honolulu, Hawaii
, 2025
RE: S.B. No. 1369
S.D. 1
H.D. 1
Honorable Nadine K. Nakamura
Speaker, House of Representatives
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Madame:
Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 1369, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO TITLE 24, HAWAII REVISED STATUTES,"
begs leave to report as follows:
Your Committee finds that, under existing law, fourth quarter net solvency reports for mutual benefit societies, health maintenance organizations, and dental insurers are due on February 14. However, the annual blank filings for these entities are due on March 1. By aligning the due dates for the fourth quarter net solvency reports with the due date for the annual blank filings, this measure reduces the compliance burden for these entities and allows them to complete their filings in a more efficient manner, and also helps streamline regulation for the Insurance Division of the Department of Commerce and Consumer Affairs.
Your Committee has amended this measure by:
(1) Changing the effective date to October 1, 2025; and
(2) Making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1369, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1369, S.D. 1, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
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____________________________ SCOT Z. MATAYOSHI, Chair |
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STAND. COM. REP. NO. 795
Honolulu, Hawaii
RE: S.B. No. 1369
S.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Thirty-Third State Legislature
Regular Session of 2025
State of Hawaii
Sir:
Your Committee on Commerce and Consumer Protection, to which was referred S.B. No. 1369 entitled:
"A BILL FOR AN ACT RELATING TO TITLE 24, HAWAII REVISED STATUTES,"
begs leave to report as follows:
The purpose and intent of this measure is to amend net solvency report filing requirements for mutual benefit societies, dental insurers, and health maintenance organizations, effective October 1, 2025.
Your Committee received testimony in support of this measure from the Department of Commerce and Consumer Affairs.
Your Committee finds that existing law requires mutual benefit societies, health maintenance organizations, and dental insurers to file their fourth quarter net solvency reports by February 14 and their annual blank filings by March 1. Since additional accounting adjustments may occur during the two-week differential, supplemental efforts have been required to reconcile these differences. By amending the filing date for fourth quarter net solvency reports from February 14 to March 1, the information from the fourth quarter net solvency reports should align with what will be reported in the annual blank filings. This measure will optimize the filing process for mutual benefit societies, health maintenance organizations, and dental insurers by reducing the compliance burden on these entities and allow them to complete their filings in a more efficient manner, as well as streamline regulation for the Insurance Division of the Department of Commerce and Consumer Affairs.
Your Committee has amended this measure by inserting an effective date of July 1, 2050, to encourage further discussion.
As affirmed by the record of votes of the members of your Committee on Commerce and Consumer Protection that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 1369, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1369, S.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Commerce and Consumer Protection,
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________________________________ JARRETT KEOHOKALOLE, Chair |
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Date
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Testimony PDF
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| Mar 25, 2025 | SB1369_SD1_TESTIMONY_CPC_03-25-25_.PDF |
| Feb 4, 2025 | SB1369_TESTIMONY_CPN_02-04-25_.PDF |
Discussed in Hearing
1MIN
Senate Floor
30SEC
House Standing Committee on Consumer Protection & Commerce
Bill Author
Bill Co-Author(s):