SB 1563 Hawaii Senate · 2026 Regular Session

RELATING TO INSURANCE.

Summary

Establishes rate transparency requirements for insurance companies operating in the State. Establishes the Office of Insurance Consumer Affairs within the Insurance Division of the Department of Commerce and Consumer affairs to provide oversight, information, and consumer advocacy. Appropriates funds. Effective 7/1/2050. (SD1)

Issues: ✓ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 22, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB1563 → SB1563_SD1 · 5 edits

MODERATE

This bill was converted from a House bill (HB) to a Senate bill (SB) and updated with new metadata, including a revised effective date of July 1, 2050. The core policy text remains largely the same, establishing an Office of Insurance Consumer Affairs and requiring insurance companies to provide rate transparency, though minor wording adjustments were made to definitions and procedural descriptions.

Scope change

The bill's substantive scope regarding insurance regulation and consumer advocacy remains unchanged; the primary shift is the change in legislative chamber origin (House to Senate) and the specific effective date.

TIMELINE

The effective date of the Act was changed from 'upon approval' to 'July 1, 2050'.

TECHNICAL

The bill type was updated from 'HB template' to 'SD Template', and associated metadata such as author names, dates, and revision numbers were updated to reflect Senate sponsorship.

DEFINITION

Minor wording adjustments were made to the definition of 'Insurance company' (removing 'this State') and 'Office' (adding spaces before the section number reference).

REQUIREMENT

The requirement for insurance companies to submit rate methodologies was slightly reworded to clarify the timing ('No later than... and annually thereafter').

FISCAL

The report title and summary description were updated to reflect 'Appropriations' (plural) instead of 'Appropriation' (singular).

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

Feb 14, 2025

Upper · Passed

Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.

upper

Feb 14, 2025

Committee

Reported from CPN (Stand. Com. Rep. No. 494) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

upper

Feb 10, 2025

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

upper

Feb 6, 2025

Upper · Passed

The committee(s) on CPN has scheduled a public hearing on 02-10-25 9:35AM; Conference Room 229 & Videoconference.

upper

Jan 27, 2025

Committee

Referred to CPN, WAM.

upper

Jan 23, 2025

Introduced

Introduced and passed First Reading.

upper

Jan 22, 2025

Introduced

Pending Introduction.

upper

1 primary · 0 co-sponsors