Hawaii HB708 regulates electric bicycle insurance, requiring coverage and self-insurance options.
Hawaii HB708 mandates insurance for electric bicycles, defining three classes based on motor assistance and speed limits. It requires insurance policies to cover liability for injuries and property damage, with minimum coverage amounts specified. Owners can self-insure if they meet certain conditions, including providing a surety bond. The bill outlines procedures for rate administration and review, ensuring rates are not excessive or discriminatory.
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