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HI SB2769
Bill
AI Summary
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Requires the Insurance Commissioner to publish annually on the Insurance Division website a list of all homeowners insurers with representative annual premiums for homeowners insurance.
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Requires the Insurance Commissioner to publish annually on the Insurance Division website a list of all motor vehicle insurers with representative annual premiums for motor vehicle insurance, replacing the previous requirement to publish in a newspaper.
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Establishes procedures for the Commissioner to mandate rate adjustments when rates are excessive, inadequate, or unfairly discriminatory, including written notice of disapproval and hearing requirements within specified timeframes.
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Adds "advisory organizations" alongside "rating organizations" throughout insurance rate filing and regulation provisions in Hawaii Revised Statutes Chapter 431, Article 14.
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Repeals section 431:10C-209.5, which previously allowed the Commissioner to annually adjust motor vehicle insurance rates without a specific rate filing process.
Legislative Description
Insurance; Publication of Rates; Rate Filings; Rate Intervention
Last Action
(S) Act 258, 7/6/2012 (Gov. Msg. No. 1361).
7/10/2012