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HI SB1193

Bill

Status

Introduced

1/28/2015

Primary Sponsor

Maile Shimabukuro

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Updates the date for mandatory policy renewals by Hawaii Property Insurance Association (HPIA) member insurers from June 18, 1991 to January 1, 2014 for properties in designated areas.

  • Prohibits member insurers from refusing to renew policies based solely on a pending natural disaster as their underwriting criterion.

  • Requires continued coverage under existing HPIA policies when property ownership transfers, with coverage remaining in force until the next renewal date if premiums are paid.

  • Applies to all properties situated in the area designated by the insurance commissioner under section 431:21-107.

Legislative Description

HPIA; Policy Renewals; Continued Coverage

Last Action

The committee on CPN deferred the measure.

2/13/2015

Committee Referrals

Commerce and Consumer Protection1/28/2015

Full Bill Text

No bill text available