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HI SB3101

Bill

Official Source

Status

Introduced

1/28/2026

Primary Sponsor

Ronald Kouchi

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Requires insurers to provide a reasonable explanation of premium increases upon written request by policyholders at renewal
  • Expands grounds for the insurance commissioner to deny, suspend, revoke, or place on probation insurance producer licenses, including felony convictions, tax payment failures, child support noncompliance, and license actions in other states
  • Mandates that all notices of policy cancellation or nonrenewal must clearly state the specific reason or reasons for the action
  • Authorizes civil penalties between $100 and $10,000 against applicants or licensees in addition to or instead of license suspension or revocation
  • Takes effect January 1, 2027

Legislative Description

Relating To Insurance.

Insurance

Last Action

Referred to CPN, JDC.

2/2/2026

Committee Referrals

Commerce and Consumer Protection2/2/2026

Full Bill Text

No bill text available