Loading chat...
HI HB370
Bill
Status
1/26/2015
Primary Sponsor
Joy San Buenaventura
Click for details
AI Summary
-
Amends Hawaii Revised Statutes Section 431:21-119 to require the Insurance Commissioner to determine whether residential property insurance is unavailable before the Hawaii Property Insurance Association (HPIA) removes its moratorium on issuing policies.
-
HPIA must remove its moratorium on new policies in lava zones when the mayor of Hawaii County has issued a proclamation declaring a state of emergency due to threat of imminent lava flow disaster.
-
Upon moratorium removal, HPIA shall offer new policies with a waiting period of no longer than six months before coverage takes effect, provided the residential property in the lava zone does not already have current insurance.
-
Takes effect upon approval.
Legislative Description
HPIA; Policy Renewals; Moratorium; Lava Zone
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Nakashima, Thielen, Tokioka excused (3).
2/19/2016