Hawaii HB1057 aims to stabilize the property insurance market by enabling the Hawaii Property Insurance Association and the Hawaii Hurricane Relief.
Hawaii HB1057 amends state laws to enable the Hawaii Property Insurance Association and the Hawaii Hurricane Relief Fund to underwrite certain insurance risks. The bill allows the association to provide additional insurance coverage for properties experiencing market failures, including single-family homes and townhouses. It also authorizes the fund to offer temporary recording fees to support its operations.
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