Hawaii HB426 aims to stabilize the property insurance market by authorizing the Hawaii Property Insurance Association and Hawaii Hurricane Relief.

Hawaii HB426 seeks to address the instability in the property insurance market by enabling the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund to underwrite certain insurance risks. The bill authorizes these entities to provide additional insurance coverage for properties experiencing market failures, such as condominiums with reduced hurricane coverage. It also allows the Hawaii Hurricane Relief Fund to establish a temporary recording fee to spread costs among property transactions.

Hawaii HB426 aims to stabilize the property insurance market by authorizing the Hawaii Property Insurance Association and Hawaii Hurricane Relief.

Hawaii HB426 seeks to address the instability in the property insurance market by enabling the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund to underwrite certain insurance risks. The bill authorizes these entities to provide additional insurance coverage for properties experiencing market failures, such as condominiums with reduced hurricane coverage. It also allows the Hawaii Hurricane Relief Fund to establish a temporary recording fee to spread costs among property transactions.