Hawaii SB3101 amends insurance regulations to include new requirements for premium explanations, fines, and license sanctions.
Hawaii SB3101 introduces several changes to insurance regulations. Insurers must provide a reasonable explanation for premium changes upon request. The bill allows the commissioner to levy fines between $100 and $10,000 on applicants or licensees. Licenses can be sanctioned for various reasons, including misconduct, fraud, and failure to comply with orders. The commissioner retains authority to enforce penalties and remedies against individuals under investigation or charged with violations.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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