Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateHawaiiIntroduced
SB 2043: RELATING TO INSURANCE.
Jarrett Keohokalole
SB 2043 status: Introduced — Act 255, 07/14/2026 (Gov. Msg. No. 1357) (updated Jul 14, 2026).
Source
LegiScan
Confidence
High
Analysis basis
LegiScan full bill text
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
65OUT OF 100
Score:65/100 civic fit
Risk:Low Risk
Impact:Moderate Impact 40/100
Constitutionality95%
Bipartisan90%
Public opinion50%
Bill summary
Until 12/31/2031, specifies that captive insurance companies that are not risk retention captive insurance companies are subject to examination no later than five years after licensure and any additional examination at the discretion of the Insurance Commissioner. On or after 1/1/2032, subjects captive insurance companies that are not risk retention captive insurance companies to examination at least once every five years. Requires the Insurance Commissioner to submit a report to the Legislature before the Regular Session of 2031. Effective 7/1/2026. (CD1)
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
60%
Benefits
- Reduces regulatory compliance frequency for captive insurers
- Allows commissioner to allocate resources based on risk
- Supports Hawaii's competitiveness as a captive insurance domicile
Risks
- Potential for delayed detection of financial instability
- Reduces baseline oversight consistency during discretionary window
- Regulatory uncertainty based on administrative discretion
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Civic Accountability
Positive outlook
70%
Benefits
- Establishes a mandatory reporting requirement to the legislature
- Requires evaluation of discretionary framework efficacy
- Provides oversight mechanism to sunset or extend policy
Risks
- Discretionary framework inherently reduces fixed oversight transparency
- Evaluation report occurs late in the policy cycle (2031)
- Lack of direct public participation in the review process
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
LegiScan
Official bill text or data from LegiScan.
Confidence
High
Information is complete and verified.
Analysis basis
LegiScan full bill text
Source used for this bill's analysis.
Source note
Discretionary examination frameworks carry a systemic risk of delayed discovery for failing insurance firms.
Analysis scope
Does not define the specific metrics for 'discretion' in examinations.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
How it affects your district
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06
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