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HI SB1193
Bill
Status
1/28/2015
Primary Sponsor
Maile Shimabukuro
Click for details
AI Summary
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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.
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Prohibits member insurers from refusing to renew policies based solely on a pending natural disaster as their underwriting criterion.
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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.
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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