Legislative Alert – SB994 and SB1193 Scheduled for Senate Hearing: Wednesday, February 3, 2015

Legislation introduced by Senator Shimabukuro has been scheduled for a hearing before the Senate Committee on Commerce and Consumer Protection.

Tuesday, February 3, 2015, 9:00 a.m.
Hawaii State Capitol, Conference Room 229
415 South Beretania Street

SB994 would require member insurers of HPIA to offer a minimum number of policies proportionate to their market share on properties that are situated in the areas designated for coverage by the insurance commissioner and that have been previously and continuously insured since 06/01/2014. SB994 would also prohibit HPIA from issuing or continuing a moratorium on issuing policies on those same properties.

For more information on SB994, including bill text and to submit testimony, click here for bill status.

SB1193 would require member insurers of HPIA to renew policies that were in effect as of 1/1/2014. SB1193 would also provide for continued coverage under an existing HPIA policy upon a transfer in ownership of the property.

For more information on SB1193, including bill text and to submit testimony, click here for bill status.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: