Measure Title: RELATING TO INSURANCE OF LAST RESORT.
Report Title: DCCA; Residential Property Insurance; High-Risk Areas; Insurer of Last Resort
Description: Establishes the Fair Access to Insurance Requirements (FAIR) Program, which shall be established in and administered by the Department of Commerce and Consumer Affairs to ensure that residents in high-risk areas can purchase affordable and comprehensive property insurance coverage for their residential properties. Authorizes the Director of Commerce and Consumer Affairs to issue revenue bonds in amounts authorized by the Legislature, in which case the Premium Stabilization Fund shall be established by the Director. Effective 7/1/2050. (SD1)
Companion:
Package: None
Current Referral: CPN, WAM/JDC
Introducer(s): MCKELVEY, CHANG, FUKUNAGA, Richards
Act:

Sort by DateChamberStatus Text
2/10/2025SReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
2/10/2025SReported from CPN (Stand. Com. Rep. No. 174) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
1/31/2025SThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.
1/24/2025SThe committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.
1/23/2025SReferred to CPN, WAM/JDC.
1/21/2025SPassed First Reading.
1/17/2025SIntroduced.

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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SB1140 SD1

All Versions of this Measure

SB1140_SD1 Link to SB1140_SD1 .PDF file
SB1140 Link to SB1140 .PDF file

Committee Reports

SB1140_SD1_SSCR174_ Link to committee report SB1140_SD1_SSCR174_ .PDF file

Testimony

SB1140_TESTIMONY_CPN_01-31-25_

Hearing Notices

CPN
1/31/25 9:30A
CR 229 & Videoconference