SB 2042: INSURANCE; SPONSORED CAPTIVE INSURANCE COMPANIES; MINIMUM CAPITAL AND SURPLUS; REDUCTION

Session Year: 2025-2026
House: Senate

Current Status:

In Progress

(2026-01-29: 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) Lamosao.)

Introduced

First Committee Review

First Chamber

Second Committee Review

Second Chamber

Final Decking

Enacted

Version:

Reduces the unimpaired minimum capital and surplus that class 4 sponsored captive insurance companies are required to maintain under certain circumstances.

Discussed in Hearing

Senate Standing Committee on Commerce and Consumer Protection

3MIN

Jan 29, 2026

Senate Standing Committee on Commerce and Consumer Protection

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SB 2042: INSURANCE; SPONSORED CAPTIVE INSURANCE COMPANIES; MINIMUM CAPITAL AND SURPLUS; REDUCTION

Current Status:

Senate Standing Committee on Commerce and Consumer Protection

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