SB 1140 Hawaii Senate · 2025 Regular Session

RELATING TO INSURANCE OF LAST RESORT.

Summary

Establishes the Fair Access to Insurance Requirements (FAIR) Program, which shall be established in and administered by the Department of Commerce and Consumer Affairs to ensure that residents in high-risk areas can purchase affordable and comprehensive property insurance coverage for their residential properties. Authorizes the Director of Commerce and Consumer Affairs to issue revenue bonds in amounts authorized by the Legislature, in which case the Premium Stabilization Fund shall be established by the Director. Effective 7/1/2050. (SD1)

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 17, 2025 Last action Feb 10, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB1140 → SB1140_SD1 · 3 edits

MINOR

This bill was converted from a Senate bill (SB 1140) to a Senate Draft 1 version (SB 1140 SD1), which includes metadata and formatting changes from a legislative tracking system. The substantive policy language remains identical to the original version, with no changes to the bill's actual provisions, scope, or requirements.

TECHNICAL

Removed original Senate header information including document tracking numbers and page references from the original SB 1140 format.

Added metadata fields including author names (Jane Lee, Bill SD, Ainoa Naniole), timestamps, revision numbers, and template identifiers from the legislative tracking system.

Changed document identifier from 'SB LRB 25-0535.docx' to 'SB1140 SD1' to reflect the draft version status in the legislative process.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Committee

Reported from CPN (Stand. Com. Rep. No. 174) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

upper

Jan 31, 2025

Upper · Passed

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 3 Aye(s): Senator(s) Keohokalole, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Richards, Awa.

upper

Jan 24, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.

upper

Jan 23, 2025

Committee

Referred to CPN, WAM/JDC.

upper

Jan 17, 2025

Introduced

Introduced.

upper

3 primary · 1 co-sponsor