RELATING TO INSURANCE.
Sponsored By: Scot Z. Matayoshi (Democratic)
In Committee
Summary
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 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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Scot Z. Matayoshi
Democratic • House
Cosponsors
Cory M. Chun
Democratic • House
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025Referred to CPC, FIN, referral sheet 1
1/21/2025HouseIntroduced and Pass First Reading.
1/17/2025HousePending introduction.
1/16/2025House
Bill Text
Original
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