HB 255

Hawaii House bill in Session 2026.

Status: in_committee. Latest action: January 21, 2025.

Insurance Commissioner; Property Insurance; Premium Change Notice; Common Interest Communities; Notice Requirements; Disclosures; Report.

Bill ID HI-2026-HB-255
Session 2026
Status in_committee
Committee CPC, FIN
House in_committee 2025-01-21
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.

Sponsor
Scot Z. Matayoshi
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-01-21 Status in_committee
2025-01-21 Latest Action Referred to CPC, FIN, referral sheet 1
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