Hawaii SB802 amends insurance laws to require insurers to notify policyholders of premium increases, file annual reports, and provide discounts for.
Hawaii SB802 introduces new requirements for insurers offering property insurance in the state. Insurers must notify policyholders of premium increases, file annual reports with the commissioner, and provide premium discounts for implementing disaster risk mitigation measures. The commissioner will review these practices and establish a public reporting and dispute resolution program. Insurers must also provide detailed explanations for premium increases and allow policyholders to appeal any unjustified increases.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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