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52Nov 3 election

Relating to Property Insurance.

It became law on Jul 14.

HI SB 2964 · Senate Bill · 2026

Stage
Became law
Started in
Senate
Sponsors
+2
Latest action
Jul 14

Where it stands

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Jul 14

What it does

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)

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Where it goes next

Law in Hawaii. Agencies now write the rules that carry it out, and courts can stay or strike it.

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Who is involved

HI SB 2964
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Sponsors

The lawmakers who put their names on it, lead sponsors first.

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