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Hawaii · 2026 Regular Session · Bill

SB 2950: RELATING TO INSURANCE.

Passed one chamber Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 2950 is a bill introduced in the Hawaii Senate on January 23, 2026. According to its official title, it concerns: RELATING TO INSURANCE. Primary sponsor: Angus McKelvey (Democratic), Stanley Chang (Democratic), Carol Fukunaga (Democratic). Most recent recorded action (March 12, 2026): Pass First Reading.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Authorizes captive insurance companies to underwrite, reinsure, or otherwise assume catastrophic property and casualty risks, subject to the approval and continuing supervision of the Insurance Commissioner. Allows the Commissioner to set certain minimum standards for captive insurance companies underwriting catastrophic property and casualty risk. Requires captive insurance companies underwriting catastrophic property and casualty risk to provide certain information in reports to the Commissioner. Effective 7/1/2050. (SD1)

Sponsors

Sponsors by party (alphabetical): Democratic 3

NameRolePartyChamberDistrict
Angus McKelveyPrimary sponsorDemocraticSenate6
Stanley ChangPrimary sponsorDemocraticSenate9
Carol FukunagaPrimary sponsorDemocraticSenate11

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Pass First Reading
  2. Referred to CPC, referral sheet 17
  3. Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
  4. Received from Senate (Sen. Com. No. 324) in amended form (SD 1).
  5. Reported from CPN (Stand. Com. Rep. No. 2796) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
  6. Report adopted; Passed Second Reading, as amended (SD 1).
  7. 48 Hrs. Notice 3/10/2026.
  8. The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
  9. The committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference.
  10. Referred to CPN.
  11. Passed First Reading.
  12. Introduced.

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source