SB 803 Hawaii Senate · 2026 Regular Session

RELATING TO INSURANCE.

Summary

Requires insurers to provide automatic, advance written premium change notices to common interest community policyholders and the Insurance Commissioner, with reasonable explanations and primary factors, disclosing the causes of any premium increase if, upon renewal, premiums are scheduled to increase more than an unspecified per cent. Requires insurers to automatically issue a loss run report to the policyholder at the end of each policy year. Requires insurers that renewed property insurance policies between 2022 and 2024 for policyholders that were condominium associations, planned community associations, or cooperative housing corporations in the State to provide an explanation for certain premium increases during this period. Requires the Insurance Commissioner to submit a report to the Legislature. Effective 7/1/2050. (SD1)

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Feb 2025

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 17, 2025 Last action Dec 8, 2025

Maddy AI version diff · 1 comparison

What changed between versions

SB803 → SB803_SD1 · 3 edits

MINOR

The bill was updated from a standard Senate version to a Senate Draft 1 version, changing the effective date to July 1, 2050, and adding a requirement for insurers to provide a 'loss run report' to policyholders at the end of each policy year. The scope of applicability was slightly adjusted to remove the phrase 'in this State' in favor of 'in the State' for consistency, and the formatting of the title was updated to reflect the new draft status.

Scope change

The bill's scope remains focused on property insurance for common interest communities (condominiums, planned communities, and cooperatives), but a new requirement was added mandating that insurers automatically issue a loss run report to these policyholders annually.

REQUIREMENT

Insurers must now automatically issue a loss run report to policyholders at the end of each policy year, in addition to existing premium change notice requirements.

TIMELINE

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

TECHNICAL

Minor text adjustments were made to replace 'in this State' with 'in the State' for consistency, and the bill header was updated to 'SB803 SD1'.

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 10, 2025

Upper · Passed

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

upper

Feb 10, 2025

Committee

Reported from CPN (Stand. Com. Rep. No. 170) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

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.

upper

Jan 17, 2025

Introduced

Introduced.

upper

6 primary · 0 co-sponsors