SB 2964 Hawaii Senate · 2026 Regular Session

RELATING TO PROPERTY INSURANCE.

Summary

Requires homeowners insurance producers to notify policyholders that they may submit information regarding improvements made to the insured residential property, which shall then be submitted to the homeowners insurer. Requires homeowners insurers to reevaluate the replacement cost estimate based on the information submitted by a policyholder, and offer the policyholder the option to purchase additional coverage to cover the full amount of the replacement cost estimate. Establishes administrative penalties for violations. Effective 1/1/2027. (CD1)

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

Apr 2026

Senate Passage

May 2026

House Passage

May 2026

Signed into Law

Jul 2026

Introduced Jan 23, 2026 Signed Jul 14, 2026

Maddy AI version diff · 3 comparisons

What changed between versions

SB2964_HD1 → SB2964_SD1 · 5 edits

MODERATE

This bill was revised to shift from a voluntary notification system to a mandatory annual disclosure requirement, ensuring homeowners are informed if their insurance covers the full cost of rebuilding. The changes also expanded the definition of 'replacement cost' to include specific items like demolition and permits, and strengthened enforcement by reclassifying non-compliance as an unfair insurance practice rather than a simple fine.

Scope change

The bill now applies to all homeowners insurers with a mandatory annual obligation, whereas the previous version only required producers to notify policyholders that they could submit improvement data.

REQUIREMENT

Changed the process from a two-year notice allowing policyholders to submit data to an annual requirement where insurers must proactively disclose replacement cost estimates and offer full coverage.

Added specific requirements for replacement cost estimates to include labor, materials, overhead, demolition, debris removal, permits, and architectural fees.

Added a new requirement for insurers to maintain records of disclosures and policyholder decisions for at least five years.

ENFORCEMENT

Replaced a specific administrative fine with a broader enforcement mechanism that treats failure to comply as an unfair or deceptive act or practice.

TIMELINE

Updated the effective date from the distant future of July 1, 3000, to July 1, 2050.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 6, 2026

Lower · Passed

Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).

lower

May 6, 2026

Upper · Passed

Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

upper

Apr 29, 2026

Lower · Passed

Reported from Conference Committee (Conf Com. Rep. No. 75-26) as amended in (CD 1).

lower

Apr 29, 2026

Introduced

48 Hrs. Notice (as amended CD 1) 05-06-26.

upper

Apr 29, 2026

Upper · Passed

Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 75-26).

upper

Apr 29, 2026

Lower · Passed

The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 3 Ayes: Representative(s) Matayoshi, Grandinetti, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.

lower

Apr 29, 2026

Upper · Passed

The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 3 Aye(s): Senator(s) Keohokalole, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Apr 28, 2026

Lower · Passed

Bill scheduled for Conference Committee Meeting on Wednesday, 04-29-26 3:30PM in conference room 224.

lower

Apr 16, 2026

Amended

Senate disagrees with House amendments.

upper

Apr 16, 2026

Introduced

Received from House (Hse. Com. No. 720).

upper

Apr 14, 2026

Lower · Passed

Passed Third Reading with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.

lower

Mar 31, 2026

Lower · Passed

The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Kong, Marten, Tam, Pierick; Ayes with reservations: Representative(s) Iwamoto; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.

lower

Mar 12, 2026

Committee

Referred to CPC, referral sheet 17

lower

Mar 10, 2026

Introduced

Received from Senate (Sen. Com. No. 327) in amended form (SD 1).

lower

Mar 10, 2026

Upper · Passed

Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: Senator(s) Inouye, Richards, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.

upper

Mar 5, 2026

Upper · Passed

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

upper

Feb 25, 2026

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, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

upper

Feb 20, 2026

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference.

upper

Jan 30, 2026

Committee

Referred to CPN.

upper

Jan 23, 2026

Introduced

Introduced.

upper

6 primary · 0 co-sponsors