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SB 804 SD2

Hawaii Senate bill in Session 2026.

Status: in_committee. Latest action: March 6, 2025.

Condominiums; Property Insurance; Insurance Premiums; Discounts; Risk Mitigation Upgrades; Disaster Response Plans; Fire and Life Safety Evaluation.

Bill ID HI-2026-SB-804
Session 2026
Status in_committee
Committee CPC, JHA, FIN
Senate in_committee 2025-03-06
Insurance / Consumer Protection Public Safety
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)

Sponsor
Carol Fukunaga
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Introduced Bill introduced
2025-03-06 Status in_committee
2025-03-06 Latest Action Referred to CPC, JHA, FIN, referral sheet 19
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