Stabilizes Hawaii's property insurance market by authorizing the Hawaii Property Insurance Association to provide insurance for condominiums and.
This bill aims to stabilize Hawaii's property insurance market by authorizing the Hawaii Property Insurance Association to provide insurance for condominiums and other properties. It allows the association to offer insurance coverage for condominiums that cannot obtain adequate insurance from standard insurers. The bill also establishes a temporary recording fee to fund the Hawaii Hurricane Relief Fund, replacing the special mortgage recording fee. Additionally, it mandates a study to develop long-term solutions for stabilizing the property insurance market.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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