HB1050 • 2026

RELATING TO TITLE 24, HAWAII REVISED STATUTES.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: NAKAMURA (Introduced by request of another party)
Last action: 2026-04-21
Official status: Received notice of appointment of House conferees (Hse. Com. No. 799).
Effective date: Not listed

Plain English Breakdown

The penalties for non-compliance are specified as being pursuant to section 432G-4(c) but the exact amount is not detailed.

Changes to Net Solvency Report Requirements

This bill changes the filing requirements for net solvency reports by mutual benefit societies, health maintenance organizations, and dental insurers.

What This Bill Does

Requires these organizations to submit quarterly net solvency reports verified by at least two principal officers within forty-five days after each quarter's end.
Specifies that they must maintain a copy of their current report on the premises of their primary place of business.
Gives the commissioner authority to order an examination to determine compliance with this section.
Imposes penalties for failing or refusing to submit required reports.

Who It Names or Affects

Mutual benefit societies
Health maintenance organizations
Dental insurers

Terms To Know

Net Solvency Report: A financial report that shows how much money an organization has compared to its debts.
Quarterly: Every three months of the year.

Limits and Unknowns

The bill does not specify what happens if organizations do not comply with the new requirements.
It is unclear how these changes will be enforced or monitored by the commissioner.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HD1

Hawaii published version HD1

Plain English: This amendment changes the filing requirements for net solvency reports by mutual benefit societies, health maintenance organizations, and dental insurers in Hawaii.

Mutual benefit societies, health maintenance organizations, and dental insurers must now submit their quarterly net solvency reports verified by at least two principal officers to the commissioner within forty-five days after each quarter.
These entities are required to maintain a copy of their current net solvency report on the premises of their primary place of business.
If they fail to comply, they can be fined between $100 and $500 per day.

The exact forms for preparing these reports will be prescribed by the commissioner, which is not specified in this amendment.

SD1

Hawaii published version SD1

Plain English: This amendment changes the filing requirements for net solvency reports by mutual benefit societies, health maintenance organizations, and dental insurers in Hawaii.

Mutual benefit societies, health maintenance organizations, and dental insurers must now submit their quarterly net solvency reports verified by at least two principal officers to the commissioner within forty-five days after each quarter.
These entities are required to maintain a copy of their current net solvency report on the premises of their primary place of business.
If an entity fails to comply, it can be fined between $100 and $500 per day.

The exact forms for preparing these reports are left to the commissioner's discretion.

Bill History

2026-04-21 S
Received notice of appointment of House conferees (Hse. Com. No. 799).
2026-04-21 H
House Conferees Appointed: Matayoshi Chair; Grandinetti, Pierick.
2026-04-02 S
Received notice of the discharge of all House Conferees (Hse. Com. No. 457).
2026-04-01 H
House Conferee(s) discharged.
2026-03-20 H
Received notice of all Senate conferees being discharged (Sen. Com. No. 409).
2026-03-20 S
Senate Conferee(s) discharged.
2025-12-08 D
Carried over to 2026 Regular Session.
2025-04-15 H
Received notice of Senate conferees (Sen. Com. No. 788).
2025-04-15 S
Senate Conferees Appointed: Fukunaga Chair; Richards Co-Chair; Awa.
2025-04-15 S
Received notice of appointment of House conferees (Hse. Com. No. 732).
2025-04-14 H
House Conferees Appointed: Chun Chair; Tam, Pierick.
2025-04-08 S
Received notice of disagreement (Hse. Com. No. 559).
2025-04-04 H
House disagrees with Senate amendment (s).
2025-04-03 H
Returned from Senate (Sen. Com. No. 556) in amended form (SD 1).
2025-04-03 S
Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none. Noes, 0 (none). Excused, 0 (none). Transmitted to House.
2025-04-01 S
48 Hrs. Notice 04-03-25.
2025-04-01 S
Report adopted; Passed Second Reading, as amended (SD 1).
2025-04-01 S
Reported from CPN (Stand. Com. Rep. No. 1491) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading.
2025-03-20 S
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, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2025-03-14 S
The committee(s) on CPN has scheduled a public hearing on 03-20-25 10:00AM; Conference Room 229 & Videoconference.
2025-03-06 S
Referred to CPN.
2025-03-06 S
Passed First Reading.
2025-03-06 S
Received from House (Hse. Com. No. 322).
2025-03-04 H
Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Pierick, Ward excused (2). Transmitted to Senate.
2025-02-27 H
Passed Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Pierick, Templo, Ward excused (4).
2025-02-27 H
Reported from CPC (Stand. Com. Rep. No. 809) as amended in HD 1, recommending passage on Second Reading and placement on the calendar for Third Reading.
2025-02-19 H
The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 10 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Ichiyama, Iwamoto, Kong, Lowen, Marten, Tam, Pierick; Ayes with reservations: none; Noes: none; and Excused: none.
2025-02-14 H
Bill scheduled to be heard by CPC on Wednesday, 02-19-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
2025-01-23 H
Referred to CPC, referral sheet 3
2025-01-23 H
Introduced and Pass First Reading.
2025-01-21 H
Pending introduction.

Official Summary Text

RELATING TO TITLE 24, HAWAII REVISED STATUTES.
Insurance; Net Solvency Report; Mutual Benefit Societies; Health Maintenance Organizations; Dental Insurers
Provides amendments to net solvency report filing requirements for mutual benefit societies, health maintenance organizations, and dental insurers. Effective 7/1/2050. (SD1)

Current Bill Text

Read the full stored bill text

HB1050

HOUSE OF REPRESENTATIVES

H.B. NO.

1050

THIRTY-THIRD LEGISLATURE, 2025

STATE OF HAWAII

A BILL FOR AN ACT

RELATING TO TITLE 24, HAWAII REVISED STATUTES.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

����
SECTION 1.
�
Section 432:1-407, Hawaii Revised Statutes,
is amended by amending subsection (g) to read as follows:

����
"
(g)
�
Each domestic mutual benefit society shall
prepare
and submit
for review by the commissioner on or before the
forty-fifth day [
of
]
after
each [
quarter,
]
of the first
three calendar quarters, and for the fourth calendar quarter ending December
31, on or before the next March 1
,
a copy of its quarterly
net solvency report verified by at least two principal officers.
�
The commissioner may prescribe the forms on
which the reports are to be prepared.
�

Each domestic mutual benefit society shall maintain a copy of its
current net solvency report on the premises of its primary place of
business.
�
The commissioner may order an
examination, subject to article 2 of chapter 431, to determine whether a
domestic mutual benefit society is in compliance with this section.
�
Any domestic mutual benefit society that
fails or refuses to prepare or [
produce
]
submit
for review the
quarterly net solvency report as required by this subsection shall be liable
for a penalty in an amount not less than $100 and not more than $500 per day.
"

����
SECTION
2.
�
Section 432D-8, Hawaii Revised
Statutes, is amended by amending subsection (g) to read as follows:

����
"(g)
�
Each health maintenance organization shall
prepare
and submit
for review by the commissioner on or before the
forty-fifth day
[
of
]
after
each [
quarter,
]
of
the first three calendar quarters, and for the fourth calendar quarter ending
December 31, on or before the next March 1
,

a copy of its quarterly net solvency report verified by at least two principal
officers.
�
The commissioner may prescribe
the forms on which the reports are to be prepared.
�
Every health maintenance organization shall
maintain a copy of its current net solvency report on the premises of its
primary place of business.
�
The
commissioner may order an examination, subject to article 2 of chapter 431, to
determine whether a health maintenance organization is in compliance with this
section.
�
Any health maintenance
organization that fails or refuses to prepare or [
produce
]
submit

for review the quarterly net solvency report as required by this subsection
shall be liable for a penalty in an amount not less than $100 and not more than
$500 per day."

����
SECTION
3.
�
Section 432G-6, Hawaii Revised
Statutes, is
amended
by amending subsections (g) and (h) to read as follows:

����
"(g)
�
Each dental insurer shall prepare
and
submit
for review by the commissioner on or before the forty-fifth day [
of
]

after
each [
quarter,
]
of the first three calendar quarters, and
for the fourth calendar quarter ending December 31, on or before the next March
1,
a copy of its quarterly net solvency report verified by at least two
principal officers.
�
The commissioner may
prescribe the forms on which the reports are to be prepared.
�
Every dental insurer shall maintain a copy of
its current net solvency report on the premises of its primary place of
business.

����
(h)
�
The commissioner may order an examination,
subject to article 2 of chapter 431, to determine whether a dental insurer is
in compliance with this section.
�
Any
dental insurer that fails or refuses to prepare or [
produce
]
submit

for review the quarterly net solvency report or any of the documents as
required by this section shall be liable for a penalty pursuant to section 432G‑4(c)."

����
SECTION
4.
�
Statutory material to be repealed is
bracketed and stricken.
�
New statutory
material is underscored.

����
SECTION
5.
�
This Act, upon its approval, shall
take effect on October 1, 2025.

INTRODUCED BY:

_____________________________

BY REQUEST

Report Title:

Insurance;
Net Solvency Report

Description:

Provides
amendments to net solvency report filing requirements for mutual benefit
societies, dental insurers, and health maintenance organizations.
�
Effective 10/1/2025.

The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.