RELATING TO INSURANCE FOR HAWAII CONDOMINIUM PROPERTIES.
Sponsored By: Carol Fukunaga (Democratic)
Passed Senate
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 ten per cent. Requires property insurers of condominiums to publicly report premium increases each year. Effective 7/1/2050. (SD2)
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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
Les Ihara Jr.
Democratic • Senate
Jarrett Keohokalole
Democratic • Senate
Angus L.K. McKelvey
Democratic • Senate
Sharon Y. Moriwaki
Democratic • Senate
Karl Rhoads
Democratic • Senate
Herbert M. "Tim" Richards III
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Pass First Reading
3/6/2025HouseReferred to CPC, JHA, FIN, referral sheet 19
3/6/2025HouseReport adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
3/4/2025SenateReceived from Senate (Sen. Com. No. 200) in amended form (SD 2).
3/4/2025HouseReported from WAM/JDC (Stand. Com. Rep. No. 884) with recommendation of passage on Third Reading, as amended (SD 2).
2/28/2025Senate48 Hrs. Notice 03-04-25.
2/28/2025SenateThe committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
2/19/2025SenateThe committee(s) on JDC recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in JDC were as follows: 4 Aye(s): Senator(s) Rhoads, Chang, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Gabbard.
2/19/2025SenateReported from CPN (Stand. Com. Rep. No. 492) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
2/14/2025SenateReport adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
2/14/2025SenateThe committee(s) on WAM/JDC will hold a public decision making on 02-19-25 10:16AM; Conference Room 211 & Videoconference.
2/14/2025SenateThe committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, McKelvey, Richards, Awa; Aye(s) with reservations: Senator(s) Fukunaga ; 0 No(es): none; and 0 Excused: none.
2/7/2025SenateThe committee(s) on CPN deferred the measure until 02-07-25 9:46AM; Conference Room 229.
2/5/2025SenateThe committee(s) on CPN has scheduled a public hearing on 02-05-25 10:00AM; Conference Room 229 & Videoconference.
1/31/2025SenateReferred to CPN, WAM/JDC.
1/23/2025SenatePassed First Reading.
1/21/2025SenateIntroduced.
1/17/2025Senate
Bill Text
Bill Text
Original
SB804_SD1
SB804_SD2
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