Hawaii SB1376 aims to stabilize the property insurance market by enabling the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund.
Hawaii SB1376 seeks to address the instability in the property insurance market by authorizing the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund to provide insurance coverage for properties in the state. This includes coverage for condominium buildings that are in insurable condition but have been dropped by standard insurers. The bill also mandates the insurance commissioner to conduct a study to identify 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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