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HI SB124

Bill

Official Source

Status

Passed

4/25/2011

Primary Sponsor

Rosalyn Baker

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Adds new section to Hawaii Revised Statutes Chapter 431, Article 10C exempting insurers from policy cancellation and nonrenewal restrictions under specific conditions
  • Allows insurers to bypass cancellation/nonrenewal prohibitions when offering replacement coverage through an affiliate or subsidiary company
  • Replacement policy must be effective upon expiration of existing policy, provide same or better coverage and terms, and cost less in premiums than the current policy
  • Requires insurers to provide at least 30 days written notice to insured before replacement, with option for insured to waive notice requirement
  • Takes effect upon approval

Legislative Description

Motor Vehicle Insurance; Cancellation

Last Action

(S) Act 011, 4/25/2011 (Gov. Msg. No. 1111).

4/25/2011

Committee Referrals

Commerce and Consumer Protection1/21/2011

Full Bill Text

No bill text available