Requesting a study on reforming or eliminating title insurance to reduce homeownership barriers.

The bill requests the Insurance Commissioner to conduct a study on the impacts of reforming or eliminating title insurance requirements in Hawaii to help reduce financial barriers for prospective homeowners. The study aims to explore ways to decrease costs or eliminate title insurance, potentially easing the financial strain on homebuyers. The Insurance Commissioner is required to submit a report with findings and recommendations, including any proposed legislation, to the Legislature by twenty days prior to the regular session of 2026.

Requesting a study on reforming or eliminating title insurance to reduce homeownership barriers.

The bill requests the Insurance Commissioner to conduct a study on the impacts of reforming or eliminating title insurance requirements in Hawaii to help reduce financial barriers for prospective homeowners. The study aims to explore ways to decrease costs or eliminate title insurance, potentially easing the financial strain on homebuyers. The Insurance Commissioner is required to submit a report with findings and recommendations, including any proposed legislation, to the Legislature by twenty days prior to the regular session of 2026.