Transcript Highlights:

• Insurance's Surplus Line Advisory Organization.
• with the surplus line laws.
• Additionally, surplus line insurers are not our members.
• , except in rare cases where a surplus line insurer has authorized a surplus line broker to act on its
• They also then, you know, will go out in many cases to the surplus lines market through the surplus lines

Summary: The Assembly Insurance Committee held its first outcomes review oversight hearing on the residential fair plan clearinghouse program created by AB 3012. Chair and members focused on whether the program is actually helping depopulate the California Fair Plan and move policyholders back to the voluntary market. The Fair Plan and Department of Insurance testified that the program exists as a platform for admitted and, in some cases, non-admitted insurers to review Fair Plan policies and make offers through the broker of record, but they acknowledged limited participation and limited results. CDI said it has received no formal complaints specific to the clearinghouse, but identified obstacles including only 11 participating residential insurers, the broker-of-record requirement, compensation and appointment issues, and the lack of direct consumer contact. CDI said about 730 residential risks have moved to voluntary market coverage through the program from June 2021 through April 30, 2025, and opt-outs are under 1%. Committee members pressed witnesses on the program’s opacity, the lack of data on offers made versus policies actually moved, and whether the clearinghouse is functioning as intended. CDI and the Fair Plan said they do not have data on how many offers have been made, only on cancellations that are self-reported and marked as clearinghouse-related. Members also raised regional growth in Fair Plan enrollment, especially on the Central Coast, and concerns about underinsurance when policyholders move back to the regular market. CDI recommended more mandatory reporting, broader broker education, possible direct offers to policyholders after a period of time, and changes to commission and appointment rules to reduce barriers to insurer participation. The second panel of industry witnesses generally agreed the clearinghouse is not a stand-alone solution and said its effectiveness depends on a healthier admitted market and actuarially sound Fair Plan rates. Independent agents and brokers, admitted-market insurers, and surplus lines representatives said the current system is constrained by low rate adequacy, limited insurer appetite for high-risk properties, operational friction, and misaligned incentives. Several witnesses suggested improvements such as better data sharing, clearer depopulation procedures, stronger broker education, and more flexible appointment or compensation rules. Some supported giving the program more time under the Sustainable Insurance Strategy, while others said the Legislature should consider whether to strengthen, modify, or potentially sunset the program if it continues to produce limited results. A public witness later reported that a new carrier had recently joined the clearinghouse and was working with brokers to bring in additional capacity.

Transcript Highlights:

• </c> be taken into account or if the Surplus be taken into account or if the Surplus will<00:07:25.440
• They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.
• They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.
• They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.
• They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.

Keywords: 1183, house

Transcript Highlights:

• For far too long, we have seen surplus after surplus pile up in our state coffers.
• after surplus pile we have seen Surplus after surplus pile up<00:45:55.359><c> in</c><00:45:55.480><
• </c><00:51:42.480><c> in</c> situation where there is a surplus in situation where there is a surplus
• </c><00:52:01.760><c> this</c> bill would be 105% of the Surplus this bill would be 105% of the Surplus
• :47:34.280><c> he</c> after it's been designated as Surplus he after it's been designated as Surplus

Keywords: 1183, house

Bills: HB4322, HB4202, HB4203, HB4457, HB3983, HB3660, HB3802, HB2933, HB2955, HB2956, HB3781, HB3521, HB3794, HB3796, HB3800

Keywords: funeral services licensing, funeral director, embalmer, funeral director in charge, dual licensure, mortuary science, Oklahoma Funeral Board, funeral establishment, commercial embalming establishment, crematory, cremation, alkaline hydrolysis, apprenticeship, licensing requirements, professional regulation, undertaker, mortician, burial services, death care industry, workers' compensation

Bills: HB4322, HB4202, HB4203, HB4457, HB3983, HB3660, HB3802, HB2933, HB2955, HB2956, HB3781, HB3521, HB3794, HB3796, HB3800

Keywords: funeral services licensing, funeral director, embalmer, funeral director in charge, dual licensure, mortuary science, Oklahoma Funeral Board, funeral establishment, commercial embalming establishment, crematory, cremation, alkaline hydrolysis, apprenticeship, licensing requirements, professional regulation, undertaker, mortician, burial services, death care industry, workers' compensation

Summary: The Business and Insurance Committee first handled a series of executive nominations, including appointments or reappointments to the Oklahoma Securities Commission, Real Estate Commission, State Athletic Commission, Accountancy Board, Commission on Consumer Credit, Uniform Building Code Commission, Abstractors Board, Used Motor Vehicle Dismantler and Manufactured Housing Commission, and State Banking Board. Most nominees briefly addressed the committee, and the nominations were advanced by unanimous or near-unanimous votes. One HB 4488 was laid over at the start of the meeting. The committee then considered several bills. HB 4322, which would remove a dual-licensure requirement for funeral directors and embalmers, drew questions about consumer protection and body care procedures and passed 6-3. HB 4202, changing workers’ compensation fee schedule treatment for radiology, passed unanimously. HB 4203, directing the Uniform Building Code Commission to explore guidelines for single-exit configurations in certain buildings up to four stories, passed 7-2 after concerns were raised about fire safety. HB 4457, dealing with specialty pharmacies, pharmacy benefit managers, and access to specialty medications, passed unanimously. Members also debated HB 3983, which would move Oklahoma’s moist smokeless tobacco tax to a weight-based system; supporters argued it would improve fairness and revenue stability, while opponents said it would raise taxes on some products and lacked consumer protections. It passed 6-3. HB 3660, authorizing natural organic reduction as an additional end-of-life option, prompted a lengthy debate over dignity, religious concerns, and consumer choice; it passed 5-4. HB 3802, prohibiting auto insurers from raising premiums solely because a spouse died, passed unanimously. HB 2933, a consumer protection insurance bill, passed 9-0 after extensive discussion of claims handling and insurer accountability. Additional insurance and regulatory measures—HB 2955, HB 2956, HB 3781, HB 3521, HB 3796, HB 3794, and HB 3800—were also advanced, most with little or no opposition. The chair closed by noting all executive nominations and legislation had been cleared from the committee for the year.

Bills: HB3767, HB3934, HB4199, HB4336, HB2947, HB3834, HB4302, HB4095, HB3287, HB3649, HB4430, HB4431, HB2059, HB3647

Keywords: controlled dangerous substances, controlled substances, drug scheduling, Schedule I, Schedule IV, anti-drug diversion, drug diversion, synthetic opioids, fentanyl analogs, designer drugs, synthetic cannabinoids, benzodiazepines, benzodiazepine analogs, opioids, hallucinogens, depressants, pharmacy regulation, narcotics control, Oklahoma State Bureau of Narcotics and Dangerous Drugs Control, DEA scheduling

Bills: HB3767, HB3934, HB4199, HB4336, HB2947, HB3834, HB4302, HB4095, HB3287, HB3649, HB4430, HB4431, HB2059, HB3647

Keywords: controlled dangerous substances, controlled substances, drug scheduling, Schedule I, Schedule IV, anti-drug diversion, drug diversion, synthetic opioids, fentanyl analogs, designer drugs, synthetic cannabinoids, benzodiazepines, benzodiazepine analogs, opioids, hallucinogens, depressants, pharmacy regulation, narcotics control, Oklahoma State Bureau of Narcotics and Dangerous Drugs Control, DEA scheduling

Summary: The Senate Health and Human Services Committee first considered three executive nominations. Shonda Lasseter was reappointed to the State Board of Pharmacy, with discussion focused on pharmacy staffing shortages, PBMs, and broader health care workforce challenges; she was advanced 11-0. Dr. Lane Sabara was renominated to the Health Care Workforce Training Commission, where members discussed rural physician shortages and training pipelines; he was advanced 12-0. Dr. Paul Wright was nominated to fill an unexpired term on the same commission and was advanced 12-0 after questions about his availability and experience supporting rural medicine. The committee then heard several health-related bills. HB 3767, which adds 14 chemicals used to enhance fentanyl to Oklahoma’s controlled substances schedules, advanced 10-0. HB 3934, a dentistry workforce and cleanup bill updating insurance-claim and billing language, advanced 11-0. HB 4199, creating a three-year tri-share workforce pilot program for the Department of Commerce, was amended to change eligibility language and then advanced 9-2. HB 2947, allowing supervised behavioral health interns to bill Medicaid, advanced 10-1. HB 3834, authorizing the Department of Health to begin stage-one clinical trials for ibogaine and creating a revolving fund for that purpose, drew extensive testimony about veteran and first responder treatment, safety, funding, and state liability, and advanced 10-2. Additional measures also moved forward. HB 4302, after amendment, advanced 12-0 on a juvenile oversight reporting and law enforcement notification issue. Committee member bills included HB 495, reinstating the 211 Collaborative advisory council, which advanced 11-0; HB 3287, requiring domestic violence and human trafficking signage in health facilities, which advanced 11-0; HB 3649, allowing the Mental Health Department to sell underused property and keep the proceeds in its trust, which advanced 12-0 after amendment; HB 4430, clarifying malpractice coverage for APRNs and PAs at state facilities, which advanced 12-0; HB 2059, creating a mechanism to reimburse medication costs for incarcerated people in county and municipal jails, which advanced 12-0 after questions about continuity of care; and HB 3647, creating an all-payer claims database and transparency board, which advanced 10-2. The committee adjourned after announcing another meeting the following week.

Transcript Highlights:

• Far too long we have seen surplus after surplus pile up in our state coffers.
• It would be 105% of the surplus.
• constitution, I urge you to take the surplus into consideration.
• This is not a theoretical problem. $18 billion surplus.
• And we believe it's time to return surplus dollars.

Transcript Highlights:

• So that there's a surplus appropriation.
• </c> cap in the event that there's a surplus cap in the event that there's a surplus which<00:11:00.720
• </c><00:12:39.839><c> and</c> adjustment come first in a surplus and adjustment come first in a surplus
• </c><00:13:40.959><c> and</c> intentions if o if there's a surplus and intentions if o if there's a surplus
• </c> look at the surplus? look at the surplus?

Keywords: 1187, senate, all

Transcript Highlights:

• The ’25 year in general revenue ended with a $337 million surplus. Very strong surplus.
• We feel that we will end FY26 with a very healthy surplus. FY26 with a very healthy surplus.
• We've pre-funded from surplus Hope. Well, the governor doesn't. Funded from surplus Hope.
• Well, the governor doesn't want to rely on surplus in the future. So we'll do a surplus.
• These are surplus supplemental preparation. I'm... These are surplus supplemental appropriations.

Keywords: 994, senate, all

Transcript Highlights:

• </c> return the Surplus if there is a surplus return the Surplus if there is a surplus of<00:03:10.959
• We applaud the proposal to return surplus funds to taxpayers.
• We spent the surplus, correct?
• We spent the surplus, correct?
• </c> happened to the $18 billion Surplus happened to the $18 billion Surplus along<00:32:12.760><c> with

Keywords: 1183, house

Transcript Highlights:

• And that continuum was poised to include five staff-secure programs and one hardware-secure program for
• So that continuum is operating at three staff-secure sites throughout the state and one hardware-secure
• Our staff-secure programs tend to be less utilized, as compared to our hardware-secure facilities, which

Keywords: 995, all

Summary: The hearing opened with remarks from Senate Chair Robyn Kennedy and House Chair Chynah Tyler, who emphasized that the fiscal year 2026 hearing was focused on the Health and Human Services budget, asked members to keep questions budget-related, and noted that no public testimony would be taken. They also highlighted the choice of Doherty Memorial High School as the venue to showcase Worcester’s investment in career and technical education. Committee members then introduced themselves before the first panel, the Executive Office of Veterans Services and the state veterans homes, began testimony. Secretary John Santiago said the governor’s FY26 proposal would support implementation of the HERO Act, which he said is now about 95% implemented, including higher disabled veteran annuities, expanded behavioral health benefits, and other service expansions. He described efforts to reduce veteran homelessness, including nearly $20 million in ARPA-funded housing and outreach initiatives, and said the agency has delivered more than 100,000 supportive services to nearly 8,500 veterans. Leaders from the Chelsea and Holyoke veterans homes reported on staffing, quality measures, electronic medical records, and major construction projects at both facilities, including a new Chelsea campus and the new Holyoke home. Members asked about funding transfers, geographic equity in access to the homes, outreach to women veterans and veterans of color, suicide prevention, Gold Star family support, and the impact of federal uncertainty; Santiago said the homes are now licensed and certified, that the current budget is sufficient, and that the agency is expanding engagement and data collection. The second panel, the Office of the Veteran Advocate, testified that its FY26 request is about $3.3 million, up from the current $2 million, to cover staffing, a larger office, and higher technology costs. Veteran Advocate Bob Notch said the office is a new independent oversight agency created in 2022 to examine systems, coordinate with local veteran service officers, and investigate fatalities or serious harm involving veterans in state care. He said the office’s work depends on research, data, and collaboration with other agencies, and that current funding is only enough for minimum operations. In response to questions, Notch and Deputy Commissioner David O’Callaghan discussed the difficulty of tracking veteran suicides, the need for better data across agencies, and the office’s role as an oversight body rather than a direct service provider. No votes or formal actions were taken during the hearing.

Transcript Highlights:

• balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
• balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
• to a new capital outlay repairs and equipment surplus appropriation to William R.
• appropriation, and $5,002,392 to a new special services surplus appropriation.
• appropriation, and $5,002,392 to a new special services surplus appropriation.

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present and first approved the minutes from the prior meeting. It then reconsidered Committee Substitute for House Bill 5212, noting that an Education Committee amendment had been inadvertently omitted the day before; the vice chairman withdrew the prior motion to report the bill, and the committee returned to the bill with the technical Education Committee amendments pending. The transcript then moved through a long agenda of bills and supplemental appropriations, with the committee generally hearing brief explanations from counsel, occasional member questions, and then voting to adopt amendments and report measures to the full Senate. Among the substantive policy bills, the committee advanced House Bill 4007 on the Industrial Access Road Fund, allowing an additional possible $3 million transfer in a fiscal year, expanding eligible uses, and increasing county/municipal spending limits; House Bill 4765, which raises salaries for state police, teachers, and school service personnel and, via a strike-and-insert amendment, creates a market pay enhancement tied to county and regional income data; House Bill 5162, recodifying tax lien sale procedures and clarifying ownership and government-property tax treatment; House Bill 5382, extending the Neighborhood Investment Tax Credit Program to July 1, 2031; House Bill 5685, authorizing up to $150 million in revenue bonds backed by excess lottery funds for State Culture Center improvements; House Joint Resolution 42, placing a constitutional amendment on the ballot to raise the homestead exemption from $20,000 to $40,000; House Bill 4010, creating an airport hangar grant program and fund; House Bill 4404, increasing from $500 to $5,000 the amount volunteer fire departments may spend on training and fire prevention materials; House Bill 4592, requiring standardized campus safety mapping data for higher education institutions; House Bill 4784, extending and making retroactive a qualified opportunity zone business tax modification; and House Bill 5088, increasing retirement benefits for Division of Natural Resources police officers, with a one-time $4.25 million cash injection. The committee also reported several supplemental appropriations and originating bills, including Senate Bill 842 for the Spay Neuter Assistance Fund, Senate Bill 846 for Culture and History capital repairs, Senate Bill 872 for Natural Resources capital repairs (reduced to $10 million in committee substitute), Senate Bill 876 for Department of Health facilities, Senate Originating Bills 1 through 5 covering Culture and History, road funds, corrections IT and services, tobacco education, and the Adjutant General’s armory board transfer, respectively. Most items were adopted by voice vote; House Bill 4765’s strike-and-insert amendment was adopted after a division vote of 10-6. The committee then adjourned.

Transcript Highlights:

• the surplus for the trigger mechanism.
• </c> calculating the surplus for the trigger calculating the surplus for the trigger mechanism.<00:12
• </c><00:13:39.040><c> in</c> through to a $200 million surplus in through to a $200 million surplus in
• We'd only be cutting taxes if there's a future surplus.
• We'd only be cutting taxes if there's a future surplus.

Keywords: 1189, house, all

Summary: The committee of conference on HB 155 continued discussion of a compromise over business tax relief, small-business filing thresholds, and nursing home funding. Representative Sweeney proposed raising the filing threshold to $400,000 and creating a trigger for future Business Enterprise Tax reductions if business tax revenues produce a $200 million biennial surplus, with the Department of Revenue Administration commissioner able to exclude one-time or non-sustainable funds. Supporters said the proposal would provide a clear policy direction, immediate relief to about 4,500 small and micro businesses, and a future path back to the BET’s original 0.25% rate. Opponents, led by the Senate side, argued the trigger language was premature, better handled in a budget year with more revenue data, and inappropriate to decide in a short conference committee meeting. The Senate also emphasized that the tax policy should not be locked in without a fuller public process, while House members argued the trigger would not take effect until a future biennium and was therefore a prudent way to signal New Hampshire’s direction on taxes. A separate point of discussion involved nursing homes: the House said its report would include $2.5 million for nursing homes with non-lapsing language, and senators stressed the importance of that funding for the health care system and county property taxpayers. One senator warned that triggers could encourage revenue underestimation and noted bond rating concerns about a structural deficit. Several motions were made to accept the Senate position with the $400,000 threshold and related amendments, but the first motion failed on a party-line style split, with the Senate voting yes and the House voting no. A second House motion to accede to the Senate position while also including the nursing home funding, the threshold increase, and the future trigger language was also rejected by the Senate. The meeting ended with the report filed without agreement on the trigger language, and the transcript then notes a separate reconvened committee of conference on HB 751 being postponed until 12:30 the next day.

Transcript Highlights:

• The surplus is strong and it's growing.
• Don't forget, we have $2 billion in our surplus still, even after this.
• It's time to return the surplus to the taxpayers.
• This is about the surplus, a projected $2.4 billion surplus that this bill only spends $1.8 billion of
• We have a $2.5 billion surplus.

Keywords: 970, all

Transcript Highlights:

• </c> &gt;&gt; So they've been turning to surplus &gt;&gt; So they've been turning to surplus lines.<00
• </c> surplus lines. surplus lines.
• </c> coverage in surplus lines. coverage in surplus lines. &gt;&gt; Okay. &gt;&gt; Okay.
• the surplus lines market still suddenly the surplus lines market still wants<01:05:15.839><c> those<
• </c> up in surplus lines market. up in surplus lines market.

Keywords: 910, house, all

Summary: The joint committees held an informational briefing on efforts to expand insurance capacity in Hawaii’s property market, especially for condominium and homeowners coverage. The Insurance Commissioner reviewed the background: a legislative task force, the governor’s emergency proclamation in August 2024, and Senate Bill 1044 in May 2025 led to new condo insurance products. He said the work over the past two and a half years was producing positive results and introduced representatives from HPIA and HHRF/HHR to provide updates. HPIA’s board chair and its administrator described the organization’s history, structure, and current products. HPIA said it was created in 1991 as a residual market for homeowners insurance, now writing four residential products: HO2 homeowners, renters, HO6 condo unit owners, and dwelling fire. They reported policy counts have grown again as admitted-market carriers tightened underwriting, and they discussed financial pressure from reinsurance costs, though those costs had declined in 2025 after different purchasing decisions. They also said the market has become more favorable overall, with some capacity returning and deductibles beginning to ease. Members focused much of their questioning on HPIA’s proposed higher dwelling limits. HPIA explained that the current $450,000 limit for homeowners and dwelling fire was set in 2023, but agents are now asking for a higher limit in the $650,000 to $750,000 range because construction costs have risen and many policies are not being submitted when the limit is too low. HPIA said it has the authority to raise the limit through a filing with the Insurance Division and expects more submissions if the cap increases. They also discussed the shift in the book of business from roughly 70% lava-zone coverage to closer to a 50/50 split between lava and non-lava risks. HPIA outlined strategic initiatives: a new policy administration system that went live October 1 and now allows online payments, online claims reporting, and electronic notices; a filed request to raise the homeowners and dwelling fire limit to $650,000 effective March 1 for new business and April 1 for renewals; an increase in the HO6 condo unit owners limit from $5,000 to $100,000; and a planned commercial property all-other-perils-excluding-hurricane condo product targeted for filing by January 31. No votes were taken, and the meeting was informational only.

Transcript Highlights:

• balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
• balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
• The same amount is appropriated to a new capital outlay and maintenance surplus appropriation within
• appropriation, and $5,002,392 to a new special services surplus appropriation.
• We're adjourned. surplus appropriation within the agent general state military budget item.

Keywords: 994, senate, all

Transcript Highlights:

• This is the surplus fund.
• They used surplus money for that.
• It's not a surplus, right?
• It's not a surplus, right?
• Did you bring us any surplus revenue? Yeah, surplus revenue.

Bills: SB39, SB2129, SB2141, SB2246, SB2323, SB2439, SB2722

Keywords: commercial motor vehicle, truck liability, motor carrier, trucking, civil liability, respondeat superior, negligent entrustment, negligent maintenance, negligent loading, negligent repair, bifurcated trial, exemplary damages, punitive damages, personal injury, collision, employer liability, vicarious liability, Civil Practice and Remedies Code, Texas tort reform, commercial truck accident

Summary: The Senate Transportation Committee reconvened on SB 2722, as substituted by Senator Bettencourt, which would redirect a portion of Harris County Toll Road Authority surplus revenues to the City of Houston and impose audit and tax-rate penalty provisions. Houston Police Chief Noe Diaz and Fire Chief Thomas Munoz testified in support, arguing that Houston bears a large share of toll-road public safety burdens, citing thousands of police and fire responses on toll-road property and the need for compensation for emergency services. Bill King, testifying neutrally, said the toll authority generates large excess revenues and urged stronger oversight and clearer controls on how the money is spent. Opponents, including Harris County officials, business and neighborhood representatives, and toll-road critics, argued the bill would divert transportation dollars, create a precedent for taking toll revenues for general municipal use, and could worsen project delivery and incentives; several also questioned the accuracy and interpretation of the revenue figures and the lack of comparable audit requirements for the city. The committee took extensive testimony but left SB 2722 pending without a vote. The committee then heard SB 2129, which would increase fines for motorists who disregard railroad crossing gates or flaggers, and SB 2323, which would redact railroad crew members’ personal information from public accident reports. Both bills were presented as safety measures, with railroad labor testimony in support, and both were left pending after brief public testimony. The committee also heard SB 2141, a Zaffirini bill concerning specialty license plates for judges, with the substitute aimed at reducing security risks by changing how judges are identified on plates; it too was left pending. Finally, the committee heard SB 2439, another Zaffirini bill, described as a TDLR cleanup measure related to ATV and off-highway vehicle safety certification. The bill would abolish the current training and certification program, which supporters said was burdensome and underused given the small number of approved instructors statewide. With no significant opposition on the record, the committee closed testimony and left SB 2439 pending as well.

Transcript Highlights:

• </c><00:02:08.599><c> the</c> using money from a projected Surplus the using money from a projected Surplus
• We applaud the proposal to return the surplus funds to taxpayers.
• We applaud the proposal to return the surplus funds to taxpayers.
• We have to figure it out, and we grew our budget by 40% with the surplus.
• We have to figure it out, and we grew our budget by 40% with the surplus.

Keywords: 1183, house

Summary: The committee took up House File 4, first adopting the H004A1 amendment without objection. The author described the bill as a constitutional amendment intended to create a tax relief account funded from projected budget surpluses, defined as revenues exceeding 105% of projected expenditures based on the November forecast. Supporters framed the proposal as a way to return excess taxpayer money to families, homeowners, and seniors rather than allowing the state to retain or redirect it. Testimony in support came from Ranna Lee of Americans for Prosperity, who praised the bill’s clarity and argued that taxpayers are overburdened and should receive surplus funds back; she also suggested broader tax and budget reforms, including rate reductions and tighter spending limits. Nan Madden of the Minnesota Budget Project testified in opposition, saying the legislature already has authority to use surpluses for rebates or tax cuts and warning that constitutionalizing tax policy would reduce flexibility, weaken accountability, and make it harder to respond to changing conditions, emergencies, or recessions. Members then briefly commented, with Republicans expressing support for returning money to taxpayers and citing cost-of-living pressures and fixed incomes. The committee did not hear a formal department position. At the end of the hearing, Representative Johnson renewed the motion that House File 4, as amended, be recommended to pass and sent to the Ways and Means Committee; the motion prevailed on a voice vote.

Transcript Highlights:

• States don't regulate surplus lines. I think the surplus market serves a very critical role.
• :25:00.760><c> Market</c> lines I think I think the Surplus Market lines I think I think the Surplus
• so Surplus um and I think one of Surplus so Surplus um and I think one of the<00:27:28.200><c> concerns
• that oh terrible Surplus some think that oh terrible Surplus Market<00:27:35.880><c> it's</c><00:27:
• And so if we didn't have the surplus market, or if we were made to regulate the surplus market, in my

Keywords: 912, senate, all

Summary: The committee opened by outlining hearing procedures, including a two-minute limit for live testimony, a request not to repeat written testimony, and a reminder about decorum. The first bill heard was SB 697, which would create a nonrefundable individual income tax credit for expenses to retrofit residences with wind-resistive devices. The Insurance Division said it supported the concept but noted it may need an appropriation or outside expertise to develop certification standards, while the Department of Taxation said the bill should retain a third-party certification requirement if the Insurance Division cannot administer the credit. The Hawaii Insurers Council supported the bill, and the Tax Foundation suggested a subsidy-style program would be more efficient than a tax credit and criticized the bill’s 100% credit structure. A testifier in support argued the measure would help homeowners fortify houses against hurricanes and reduce shelter demand; written testimony from several others, including HIEMA, was noted as supportive. The committee then moved through SB 76, which would require the Hawaii Property Insurance Association to provide commercial property coverage after two private-market denials, and SB 83, which would require insurers to give advance written premium-change notices and explanations to common-interest community policyholders and the insurance commissioner, along with a report on premium increases. For SB 76, the State Insurance Division stood on its written comments, and testimony in support came from Michael Honda, the National Association of Mutual Insurance Companies, and Jessica Herzog. SB 83 drew more extensive discussion: the Insurance Division supported the need for better transparency, while the Hawaii Insurers Council opposed the bill, arguing that agents—not insurers—typically communicate with AOAO boards and that the measure could worsen an already difficult market. Insurance Division staff acknowledged widespread complaints from condo associations about lack of transparency and said the division had received many calls about premium increases and nonrenewals. The discussion on SB 83 expanded into broader concerns about condo insurance, nonrenewals, surplus lines, and the difficulty of getting timely explanations for large premium increases. Committee members and testifiers described older buildings struggling to fund repairs and upgrades while facing steep insurance costs, and some urged the committee to craft baseline statutory protections for unit owners. The Insurance Division said surplus lines serve a critical gap-filling role and warned against regulating that market in a way that could slow access to coverage. No votes or final committee actions were taken in the portion of the meeting provided.