STAND.
COM. REP. NO. 1436-24
Honolulu, Hawaii
, 2024
RE: H.C.R. No. 173
Honorable Scott K. Saiki
Speaker, House of Representatives
Thirty-Second State Legislature
Regular Session of 2024
State of Hawaii
Sir:
Your Committee on Consumer Protection & Commerce, to which was referred H.C.R. No. 173 entitled:
"HOUSE CONCURRENT RESOLUTION REQUESTING THE INSURANCE COMMISSIONER TO CONVENE A WORKING GROUP TO ASSESS THE FEASIBILITY AND IMPACT OF REQUIRING COVERAGE FOR COMMERCIAL PROPERTIES AND STRUCTURES, INCLUDING GREENHOUSES AND SHADE HOUSES, UNDER THE HAWAII PROPERTY INSURANCE ASSOCIATION'S PLAN OF OPERATION,"
begs leave to report as follows:
Your Committee received comments from the Department of Commerce and Consumer Affairs.
Your Committee notes that this resolution is a work and progress and that under current law, the Hawaii Property Insurance Association is statutorily authorized to cover commercial risks up to the limits of coverage for residential risks as set forth in the plan of operation. During the public hearing, an issue was raised regarding clarifying or expanding the scope of this measure, including the types of commercial properties that may be considered under the Association's plan of operation. Your Committee notes that this measure is a work in progress and supports continued discussion as this measure moves forward.
As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee concurs with the intent and purpose of H.C.R. No. 173 and recommends that it be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
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____________________________ MARK M. NAKASHIMA, Chair |
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