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HI HB714
Bill
Status
1/22/2019
Primary Sponsor
Chris Lee
Click for details
AI Summary
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Requires the Social Science Research Institute at the University of Hawaii at Manoa to conduct a feasibility study on parametric disaster insurance policies for the State.
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Study must evaluate whether parametric insurance is feasible, practical, affordable, and in the public interest, and include types of policies available, costs, and other relevant information.
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Appropriates unspecified funds from general revenues for fiscal years 2019-2020 and 2020-2021 to conduct the study.
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Institute must submit findings, recommendations, and proposed legislation to the legislature no later than twenty days before the 2021 regular session convenes.
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Act takes effect January 1, 2050.
Legislative Description
Relating To Natural Disaster Protection.
Appropriation ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on CPC with none voting aye with reservations; none voting no (0) and Representative(s) Say, Thielen excused (2).
2/5/2019