| Measure Title: |
RELATING TO INSURANCE.
|
| Report Title: |
Insurance Commissioner; Property Insurance; Premium Change Notice; Common Interest Communities; Loss Run Report; Notice Requirements; Disclosures; Report
|
| Description: |
Requires insurers to provide automatic, advance written premium change notices to common interest community policyholders and the Insurance Commissioner, with reasonable explanations and primary factors, disclosing the causes of any premium increase if, upon renewal, premiums are scheduled to increase more than an unspecified per cent. Requires insurers to automatically issue a loss run report to the policyholder at the end of each policy year. Requires insurers that renewed property insurance policies between 2022 and 2024 for policyholders that were condominium associations, planned community associations, or cooperative housing corporations in the State to provide an explanation for certain premium increases during this period. Requires the Insurance Commissioner to submit a report to the Legislature. Effective 7/1/2050. (SD1)
|
| Companion: |
HB255
|
| Package: |
None
|
| Current Referral: |
CPN, WAM
|
| Introducer(s): |
FUKUNAGA, CHANG, HASHIMOTO, MCKELVEY, MORIWAKI, RHOADS
|
| Act: |
|
| Sort by Date | Chamber | Status Text |
| 2/10/2025 | S | Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. |
| 2/10/2025 | S | Reported from CPN (Stand. Com. Rep. No. 170) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM. |
| 1/31/2025 | S | The 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. |
| 1/24/2025 | S | The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference. |
| 1/23/2025 | S | Referred to CPN, WAM. |
| 1/21/2025 | S | Passed First Reading. |
| 1/17/2025 | S | Introduced. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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SB803 SD1