SB 208 Hawaii Senate · 2017 Regular Session

RELATING TO UNCLAIMED LIFE INSURANCE BENEFITS.

Summary

Adopts the National Conference of Insurance Legislators' Model Unclaimed Life Insurance Benefits Act, which requires life insurers to conduct database searches using the federal Social Security Administration's death master file or similar database to determine whether an insured has died. Requires life insurers to use good faith efforts to locate any beneficiaries to a policy, contract, or retained asset account. Authorizes the insurance commissioner to use discretion to limit, exempt, or phase-in compliance with requirements under certain circumstances. Effective January 1, 2018. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2017

Committee Review

Floor Vote

Governor

Introduced Jan 20, 2017 Last action Feb 17, 2017

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 17, 2017

Committee

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

legislature

Feb 17, 2017

Committee

Reported from CPH (Stand. Com. Rep. No. 469) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

legislature

Feb 14, 2017

Legislature · Passed

The committee(s) on CPH recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPH were as follows: 6 Aye(s): Senator(s) Baker, Nishihara, S. Chang, Espero, Kidani, Ruderman; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Ihara.

legislature

Feb 3, 2017

Legislature · Passed

The committee(s) on CPH has scheduled a public hearing on 02-14-17 9:00AM in conference room 229.

legislature

Jan 25, 2017

Committee

Re-Referred to CPH, WAM.

legislature

Jan 20, 2017

Committee

Referred to CPH.

legislature

Jan 20, 2017

Introduced

Introduced.

legislature

3 primary · 0 co-sponsors