SB 1575 Hawaii Senate · 2026 Regular Session

RELATING TO INSURANCE.

Summary

Allows authorized insurers in the State to offer building and hurricane damage insurance for condominium buildings at a lesser rate than the building's prior surplus lines insurance policy for the same coverage. Effective 7/1/2050. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Mar 2025

Senate Passage

Mar 2025

House Passage

Governor

Introduced Jan 22, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB1575 → SB1575_SD1 · 1 edit

MINOR

This bill amends the insurance code to allow admitted insurers to offer lower-cost hurricane and master insurance policies to condominium associations currently covered by expensive surplus lines policies. The amendment includes a new effective date of July 1, 2050, replacing the previous provision that stated the act would take effect upon approval.

Scope change

The bill's substantive scope regarding insurance rates and eligibility remains unchanged; the primary change is a modification to the effective date.

TIMELINE

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

Floor votes · Senate Mar 4, 2025

How they voted

25–0

Passed

Total votes 25

Mar 4, 2025

D Democratic22

22 Yea

100% Yea

R Republican3

3 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 6, 2025

Committee

Referred to CPC, FIN, referral sheet 19

lower

Mar 4, 2025

Introduced

Received from Senate (Sen. Com. No. 371) in amended form (SD 1).

lower

Mar 4, 2025

Upper · Passed

Report adopted; Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Feb 27, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1).

upper

Feb 14, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 10, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-14-25 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 27, 2025

Committee

Referred to CPN.

upper

Jan 23, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 22, 2025

Introduced

Pending Introduction.

upper

7 primary · 2 co-sponsors