HawaiiSB 8032025–2026 Regular Session (Year 2)Senate

RELATING TO INSURANCE.

Sponsored By: Carol Fukunaga (Democratic)

Passed

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 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)

Insurance CommissionerProperty InsurancePremium Change NoticeCommon Interest CommunitiesLoss Run ReportNotice RequirementsDisclosuresReportCPN, WAM

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Carol Fukunaga

    Democratic • Senate

Cosponsors

  • Stanley Chang

    Democratic • Senate

  • Troy N. Hashimoto

    Democratic • Senate

  • Angus L.K. McKelvey

    Democratic • Senate

  • Sharon Y. Moriwaki

    Democratic • Senate

  • Karl Rhoads

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 3 • No: 0

Senate vote 1/31/2025

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENT...

Yes: 3 • No: 0

Actions Timeline

  1. Carried over to 2026 Regular Session.

    12/8/2025
  2. Reported from CPN (Stand. Com. Rep. No. 170) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

    2/10/2025Senate
  3. Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

    2/10/2025Senate
  4. 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.

    1/31/2025Senate
  5. The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.

    1/24/2025Senate
  6. Referred to CPN, WAM.

    1/23/2025Senate
  7. Passed First Reading.

    1/21/2025Senate
  8. Introduced.

    1/17/2025Senate

Bill Text

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