HI SB2242 | 2024 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on January 18 2024 - 25% progression
Action: 2024-01-19 - Referred to PSM, CPN.
Pending: Senate Public Safety, Intergovernmental and Military Affairs Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 18 2024 - 25% progression
Action: 2024-01-19 - Referred to PSM, CPN.
Pending: Senate Public Safety, Intergovernmental and Military Affairs Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Beginning 1/1/2025, requires homeowners insurers to establish a loss-control program aimed at reducing the risk of the loss or mitigating damage to the insured property caused by the peril of fire, including fire caused by wildfire, lava, or both, with discounted premium rates for policyholders who implement certain loss-control measures. Requires the Insurance Commissioner to adopt rules.
Title
Relating To Insurance.
Sponsors
| Sen. Joy San Buenaventura [D] | Sen. Stanley Chang [D] | Sen. Kurt Fevella [R] | Sen. Carol Fukunaga [D] |
| Sen. Angus McKelvey [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-19 | Senate | Referred to PSM, CPN. |
| 2024-01-18 | Senate | Passed First Reading. |
| 2024-01-18 | Senate | Introduced. |
Subjects
Discounted Premium Rates
Fire
Homeowners Insurance
Insurance Commissioner
Lava
Loss-Control Program
Rulemaking
Wildfire
Fire
Homeowners Insurance
Insurance Commissioner
Lava
Loss-Control Program
Rulemaking
Wildfire
Hawaii State Sources
| Type | Source |
|---|---|
| Summary | https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2242&year=2024 |
| Text | https://www.capitol.hawaii.gov/sessions/session2024/bills/SB2242_.HTM |
