HI HB708

Requires mandatory liability insurance for Class 3 electric bicycles (motor-assisted up to 28 mph) operated on public roads in counties with populations of 500,000 or more (applies only to Honolulu)

Establishes minimum liability coverage requirements for bodily injury and property damage, with specific dollar amounts to be determined; insurers must also offer optional medical payment coverage, income disability plans, and excess liability coverage

Requires operators to carry proof of insurance (paper or electronic) at all times and present it to law enforcement upon demand

Creates penalties including nonsuspendable fines for operating an uninsured electric bicycle, with exceptions for operators covered by their own insurance, employees using employer-owned bicycles, or those with reasonable belief a borrowed bicycle is insured

Allows self-insurance options for electric bicycle owners who can demonstrate financial qualifications and provide equivalent security as approved by the insurance commissioner