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Bill Summary · SB 1369

Summary of SB 1369: Relating to Title 24, Hawaii Revised Statutes

Bill Overview

Bill Number: SB 1369
Title: Relating to Title 24, Hawaii Revised Statutes
Status: Act 061, enacted on May 16, 2025
Introduced: January 21, 2025
Primary Sponsor: Senator Kouchi
Companion Bill: HB 1050

Purpose and Intent

SB 1369 aims to amend Title 24 of the Hawaii Revised Statutes, which governs various aspects of dental insurers, health maintenance organizations, and mutual benefit societies. The primary intent of the bill is to enhance the regulatory framework surrounding these entities, particularly focusing on the net solvency reporting requirements. This is intended to ensure that these organizations maintain adequate financial health and can meet their obligations to policyholders.

Key Provisions

  • Net Solvency Reporting: The bill introduces new requirements for dental insurers and health maintenance organizations to submit detailed net solvency reports. These reports will provide regulators with a clearer picture of the financial stability of these entities.
  • Regulatory Oversight: The bill enhances the authority of the Department of Commerce and Consumer Affairs (DCCA) to monitor and enforce compliance with solvency standards.
  • Consumer Protection: By ensuring that dental insurers and health maintenance organizations are financially sound, the bill aims to protect consumers from potential insolvencies that could affect their access to dental care.

Impact

  • Affected Entities: The legislation directly impacts dental insurers, health maintenance organizations, and mutual benefit societies operating in Hawaii. These organizations will need to adapt their reporting practices to comply with the new solvency requirements.
  • Consumers: The bill is designed to benefit consumers by promoting the financial health of their insurance providers, thereby ensuring that they can rely on these organizations for necessary dental services.

Legislative Timeline

  • January 21, 2025: Bill introduced and passed First Reading.
  • February 4, 2025: Public hearing held; bill recommended for passage with amendments.
  • March 4, 2025: Passed Second Reading as amended and transmitted to the House.
  • April 4, 2025: House disagreed with Senate amendments; conference committees appointed.
  • April 22, 2025: Senate agreed with House amendments; placed on the calendar for Final Reading.
  • May 16, 2025: Signed into law as Act 061.

Conclusion

SB 1369 represents a significant step in strengthening the regulatory framework for dental insurers and health maintenance organizations in Hawaii. By focusing on net solvency reporting, the bill aims to enhance consumer protection and ensure the financial viability of these essential services.

Compiled from official sources — confirm details with the bill’s official record.

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