SB 1140 SD1

Hawaii Senate bill in Session 2026.

Status: in_committee. Latest action: February 10, 2025.

DCCA; Residential Property Insurance; High-Risk Areas; Insurer of Last Resort.

Bill ID HI-2026-SB-1140
Session 2026
Status in_committee
Committee CPN, WAM/JDC
Senate in_committee 2025-02-10
Business / Commerce Insurance / Consumer Protection Tax / Budget / Appropriations
Summary

Establishes the Fair Access to Insurance Requirements (FAIR) Program, which shall be established in and administered by the Department of Commerce and Consumer Affairs to ensure that residents in high-risk areas can purchase affordable and comprehensive property insurance coverage for their residential properties. Authorizes the Director of Commerce and Consumer Affairs to issue revenue bonds in amounts authorized by the Legislature, in which case the Premium Stabilization Fund shall be established by the Director. Effective 7/1/2050. (SD1)

Sponsor
Angus L.K. McKelvey
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-02-10 Status in_committee
2025-02-10 Latest Action Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
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