SB 803 Hawaii Senate · 2025 Regular Session

RELATING TO INSURANCE.

Summary

Requires insurers to provide automatic, advance written premium change notices to common interest community policyholders and the Insurance Commissioner, with reasonable explanations and primary factors, disclosing the causes of any premium increase if, upon renewal, premiums are scheduled to increase more than an unspecified per cent. Requires insurers to automatically issue a loss run report to the policyholder at the end of each policy year. Requires insurers that renewed property insurance policies between 2022 and 2024 for policyholders that were condominium associations, planned community associations, or cooperative housing corporations in the State to provide an explanation for certain premium increases during this period. Requires the Insurance Commissioner to submit a report to the Legislature. Effective 7/1/2050. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2025 Last action Feb 10, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB803 → SB803_SD1 · 3 edits

MINOR

This bill adds new requirements for property insurers to provide premium change notices to common interest community policyholders (condominiums, planned communities, and cooperatives). The main change is the addition of a requirement for insurers to automatically issue a loss run report to policyholders at the end of each policy year, which was not present in the original version. The effective date was also changed from 'upon approval' to July 1, 2050.

Scope change

The scope remains the same - applies to property insurance for condominium associations, planned community associations, and cooperative housing corporations in Hawaii.

REQUIREMENT

Added requirement for insurers to automatically issue a loss run report to policyholders at the end of each policy year

TIMELINE

Changed effective date from 'upon approval' to July 1, 2050

TECHNICAL

Added metadata and formatting information including document version numbers and timestamps

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Committee

Reported from CPN (Stand. Com. Rep. No. 170) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Jan 31, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to CPN, WAM.

upper

Jan 17, 2025

Introduced

Introduced.

upper

6 primary · 0 co-sponsors