To the House Committee on Intrastate Commerce
‘J“jar;;:_____‘_I__ ;___‘__|L‘_\_‘mmOMNH_Ir_____‘fin_‘"mus.4v_‘__Sun‘M““m_,%_‘ #13’__2_‘M__“H 4__W____,W‘‘J__‘_F 4‘”‘__:I____JMfi%_0wvH€I_‘&}H$m% _..__._______W__V_€“_I’‘inT :9‘_ .__‘_“_,% STATE OF HAWAII DAVID Y. IGE CATHERINE P. AWAKUNI COLÓN GOVERNOR OFFICE OF THE DIRECTOR DIRECTOR DOUGLAS S. CHIN DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS JO ANN M. UCHIDA TAKEUCHI LT. GOVERNOR DEPUTY DIRECTOR 335 MERCHANT STREET, ROOM 310 P.O. Box 541 HONOLULU, HAWAII 96809 Phone Number: 586-2850 Fax Number: 586-2856 cca.hawaii.gov TO THE HOUSE COMMITTEE ON INTRASTATE COMMERCE TWENTY-NINTH LEGISLATURE Regular Session of 2018 Wednesday, March 14, 2018 9:00 a.m. TESTIMONY ON SENATE BILL NO. 2773, S.D. 2, RELATING TO THIRD PARTY ADMINISTRATORS. TO THE HONORABLE TAKASHI OHNO, CHAIR, AND MEMBERS OF THE COMMITTEE: The Department of Commerce and Consumer Affairs (“Department”) appreciates the opportunity to testify on S.B. 2773, S.D. 2, Relating to Third Party Administrators. My name is Gordon Ito, and I am the Insurance Commissioner (“Commissioner”) for the Department’s Insurance Division. The Department strongly supports this administration bill and offers the following comments. This bill provides for regulation of third party administrators (“TPAs”). TPAs collect charges or premiums from, or adjust or settle claims on, life insurance coverage or accident and health or sickness insurance coverage. This bill is based on the National Association of Insurance Commissioners' (“NAIC”) Registration and Regulation of Third Party Administrators Guideline. NAIC Guidelines, in general, differ from NAIC Model Acts and Model Rules in that NAIC accreditation for a state is not dependent on the state’s adoption of Guidelines.
[Show full text]