Hawaii SB1376 amends state laws to stabilize the property insurance market by authorizing the Hawaii Property Insurance Association and Hawaii.
Hawaii SB1376 amends state laws to enable the Hawaii Property Insurance Association and Hawaii Hurricane Relief Fund to underwrite certain insurance risks in the state. The bill aims to stabilize the property insurance market, ensuring access to adequate property insurance for residential and commercial properties. It authorizes the Hawaii Property Insurance Association to provide additional insurance coverage for certain categories of properties if the association and insurance commissioner determine that those categories are experiencing a casualty and property insurance market failure.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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