Stabilizes Hawaii's property insurance market by authorizing the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund to underwrite.
This bill aims to stabilize Hawaii's property insurance market by amending state laws to enable the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund to underwrite certain insurance risks. It authorizes the Hawaii Property Insurance Association to provide additional insurance coverage for properties experiencing a casualty and property insurance market failure. The bill also requires the insurance commissioner to conduct a study to develop a long-term solution for stabilizing the property insurance market.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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