Establishes a three-year pilot program to aid homeowners in Hawaii with unexpected property insurance premium increases.
The bill establishes a three-year pilot program to assist eligible homeowners in Hawaii facing unexpected increases in property insurance premiums. The program provides financial relief through a state-administered fund. To qualify, homeowners must demonstrate a 25% or greater increase in premiums and financial hardship, including low income, recent unemployment, high debt, or fixed income.
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