RELATING TO INSURANCE FOR HAWAII CONDOMINIUM PROPERTIES.
Sponsored By: Linda Ichiyama (Democratic)
Filed
Summary
Requires property insurers to offer discounts on a condominium association's annual insurance premium if the association adopts specific risk mitigation upgrades or develops comprehensive disaster response plans. Requires property insurers of condominiums to base premium increases on actuarial justifications that reflect actual risk reduction resulting from upgraded fire safety improvements installed in conjunction with a building fire and life safety evaluation. Requires property insurers of condominiums to justify premium increases above 10%. Requires property insurers of condominiums to publicly report premium increases each year.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Linda Ichiyama
Democratic • House
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Carried over to 2026 Regular Session.
12/8/2025Introduced and Pass First Reading.
1/21/2025HouseReferred to CPC, JHA, FIN, referral sheet 2
1/21/2025HousePending introduction.
1/17/2025House
Bill Text
Original
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