Bill Text: HI SB2632 | 2024 | Regular Session | Introduced
Bill Title: Relating To Motor Vehicle Insurance.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-01-24 - Referred to CPN. [SB2632 Detail]
Download: Hawaii-2024-SB2632-Introduced.html
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THE SENATE |
S.B. NO. |
2632 |
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THIRTY-SECOND LEGISLATURE, 2024 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO MOTOR VEHICLE INSURANCE.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
"§431:10C- Report of cancellation, termination, or
issuance of motor vehicle insurance.
(a) Every insurer that issues
motor vehicle insurance under this article shall report to the insurance
commissioner within fifteen days of the date that the insured or the insurer
cancels or fails to renew a policy or that the insurer issues a policy. For each policy, the insurer shall report the
name and mailing address of the named insured, policy number, effective date,
vehicle identification number of each vehicle covered by the policy, whether
the policy was canceled, terminated or not renewed, or issued, and any other
information required by the commissioner, using the form and method of
notification transmission as specified by the commissioner.
(b) The commissioner shall receive or accept all
notices of policy cancellation, termination or nonrenewal, and issuance from
insurers as required pursuant to subsection (a). The commissioner shall review and analyze the
information submitted in conjunction with other information that the
commissioner may obtain from insurers, vehicle registration records, and any
other agency for the purpose of determining whether any registered vehicle
owner has failed to continuously maintain insurance coverage in violation of
this article. In conducting the review
to determine insured status, the commissioner may contact registered vehicle
owners by mail and require that the mail inquiries be answered in not less than
twenty days, in a satisfactory manner containing information and verification
of insurance coverage as the commissioner deems necessary.
(c) Within twenty days of receipt of an insurer's report of cancellation or termination, or of receipt of the response from a registered vehicle owner pursuant to subsection (b), whichever is later, the commissioner shall mail a notice to any formerly insured registered vehicle owner informing the owner that a report of cancellation or termination has been filed with the State, that there is no record that a subsequent policy has been obtained, and of the penalties for driving a motor vehicle in the State without insurance; provided that the notice shall not be required if the commissioner has determined that the registered vehicle owner has subsequently obtained insurance or no longer owns a motor vehicle in the State."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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Report Title:
Motor Vehicle Insurance; Report of Cancellation
Description:
Requires insurers that issue motor vehicle insurance to notify the Insurance Commissioner when the insured or insurer cancels or fails to renew a policy or that the insurer issues a policy.
The summary description
of legislation appearing on this page is for informational purposes only and is
not legislation or evidence of legislative intent.
