Hawaii SB2965 mandates insurers to notify policyholders of intent to non-renew property insurance policies, providing reasons and a chance to correct.

Hawaii SB2965 aims to protect homeowners by requiring insurers to notify policyholders at least sixty days before non-renewal of property insurance policies. The notice must include specific reasons for non-renewal and instructions on how to address any correctable issues. Correctable issues may involve home repairs, documentation, underwriting concerns, or administrative deficiencies. If the policyholder resolves these issues before the policy expires, the insurer must renew the policy under existing terms.

Hawaii SB2965 mandates insurers to notify policyholders of intent to non-renew property insurance policies, providing reasons and a chance to correct.

Hawaii SB2965 aims to protect homeowners by requiring insurers to notify policyholders at least sixty days before non-renewal of property insurance policies. The notice must include specific reasons for non-renewal and instructions on how to address any correctable issues. Correctable issues may involve home repairs, documentation, underwriting concerns, or administrative deficiencies. If the policyholder resolves these issues before the policy expires, the insurer must renew the policy under existing terms.