Hawaii SB2777 mandates property insurers to disclose claim information to the insurance commissioner and the public.

Hawaii SB2777 amends Chapter 431 of the Hawaii Revised Statutes to require property insurers to submit detailed disclosures about their claims to the insurance commissioner. Insurers must report the total number of claims filed, those approved for full or partial payment, and those fully dispersed. The commissioner will publish this information online, in-person, and through other platforms. The bill also establishes fines for non-compliance and requires insurers to retain these disclosures for review.

Hawaii SB2777 mandates property insurers to disclose claim information to the insurance commissioner and the public.

Hawaii SB2777 amends Chapter 431 of the Hawaii Revised Statutes to require property insurers to submit detailed disclosures about their claims to the insurance commissioner. Insurers must report the total number of claims filed, those approved for full or partial payment, and those fully dispersed. The commissioner will publish this information online, in-person, and through other platforms. The bill also establishes fines for non-compliance and requires insurers to retain these disclosures for review.