SB 2044 Hawaii Senate · 2026 Regular Session

RELATING TO INSURANCE.

Summary

Exempts a dormant captive insurance company that has been issued a certificate of dormancy from certain taxes and the requirement that its governing body hold at least one meeting each year in the State. Effective 1/1/3000. (SD1)

Issues: ✗ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Feb 2026

Senate Passage

Feb 2026

House Passage

Governor

Introduced Jan 14, 2026 Last action Feb 4, 2026

Maddy AI version diff · 1 comparison

What changed between versions

SB2044 → SB2044_SD1 · 3 edits

MINOR

The bill was amended to change the bill number and sponsor information, update the legislative session details, and modify the effective date of the law from July 1, 2026, to January 1, 3000. The substantive policy regarding dormant captive insurance companies remains unchanged, though the formatting of the exemption text was slightly adjusted.

Scope change

The bill's scope and applicability remain the same, continuing to exempt dormant captive insurance companies from certain taxes and annual meeting requirements.

TIMELINE

The effective date of the Act was changed from July 1, 2026, to January 1, 3000.

TECHNICAL

The bill title, sponsor name, and legislative metadata were updated to reflect the first session of the 33rd Legislature.

Minor formatting adjustments were made to the text describing the exemption for dormant captive insurance companies.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 4, 2026

Upper · Passed

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

upper

Feb 4, 2026

Committee

Reported from CPN (Stand. Com. Rep. No. 2108) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 29, 2026

Upper · Passed

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.

upper

Jan 28, 2026

Upper · Passed

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

upper

Jan 23, 2026

Upper · Passed

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

upper

Jan 22, 2026

Committee

Referred to CPN, WAM.

upper

Jan 21, 2026

Introduced

Introduced and passed First Reading.

upper

Jan 14, 2026

Introduced

Pending Introduction.

upper

4 primary · 0 co-sponsors