Hawaii SB14 prohibits insurers from increasing property, homeowner's, or renter's insurance premiums upon renewal without specific approval.

Hawaii SB14 amends Chapter 431 of the Hawaii Revised Statutes to introduce a new section regulating property, homeowner's, and renter's insurance premiums. Beginning January 1, 2026, insurers are prohibited from increasing premiums upon renewal unless they submit actuarial data to the policyholder and the commissioner and receive approval. Violators face fines and must make restitution to affected policyholders. The act will be repealed on January 1, 2029.

Hawaii SB14 prohibits insurers from increasing property, homeowner's, or renter's insurance premiums upon renewal without specific approval.

Hawaii SB14 amends Chapter 431 of the Hawaii Revised Statutes to introduce a new section regulating property, homeowner's, and renter's insurance premiums. Beginning January 1, 2026, insurers are prohibited from increasing premiums upon renewal unless they submit actuarial data to the policyholder and the commissioner and receive approval. Violators face fines and must make restitution to affected policyholders. The act will be repealed on January 1, 2029.