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HI HB380
Bill
Status
1/26/2015
Primary Sponsor
Joy San Buenaventura
Click for details
AI Summary
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Requires member insurers of the Hawaii Property Insurance Association (HPIA) to offer policies on properties in commissioner-designated areas that have been continuously insured since June 1, 2014, with each insurer offering a minimum number proportionate to their market share.
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Prohibits HPIA and member insurers from issuing or maintaining any moratorium on policy issuance for properties in designated areas that have been continuously insured since June 1, 2014, unless explicitly authorized by legislative enactment.
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Voids and makes unenforceable any existing moratorium on insurance policies in commissioner-designated areas that was in effect on or before the Act's effective date.
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Takes effect on July 1, 2015.
Legislative Description
HPIA; Mandatory Issuance of Policies; Removal of Moratorium
Last Action
The committees on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 15 Ayes: Representative(s) McKelvey, Woodson, Belatti, Brower, Creagan, Hashem, C. Lee, Nakashima, San Buenaventura, Takayama, Yamane, Fukumoto Chang, McDermott; Ayes with reservations: Representative(s) Har, Oshiro; Noes: none; and 1 Excused: Representative(s) Kawakami.
2/18/2015