HI HB2036

Requires private passenger auto insurers in Hawaii to file annual reports with the insurance commissioner detailing earned premiums, incurred losses, expenses, and policyholder dividends.

Defines "excessive profit" as underwriting gains over a three-year period that exceed anticipated profit plus 5% of earned premiums.

Mandates insurers return excessive profits to policyholders through cash refunds or credits toward future insurance purchases, with cash refunds due within 60 days of a final order.

Allows insurers to avoid refunds only if they can demonstrate the payment would render them financially impaired or insolvent.

Models reforms on Florida's 2023 auto insurance legislation, citing that nearly 11% of Hawaii motorists drive uninsured and 30% carry only minimum coverage due to affordability concerns.