Expands the powers of the Hawaii Property Insurance Association and reactivates the Hawaii Hurricane Relief Fund to help to stabilize the property insurance market in the State. Allows the Hawaii Property Insurance Association and the Hawaii Hurricane Relief Fund to contract with domestic private insurers to act as a servicing facility to provide affordable coverage options for property owners who meet certain requirements. Requires the Insurance Commissioner to conduct a study to develop long-term solutions to stabilize the property insurance market in the State. Requires reports to the Legislature. Appropriates funds. Effective 7/1/2050. (SD1)

Statutes affected:
SB1044: 431P-1, 431P-2, 431P-5, 431P-5.5, 431P-7, 431P-10, 431P-11, 431P-16, 501-23.5, 502-25
SB1044 SD1: 431P-1, 431P-2, 431P-3, 431P-5, 431P-5.5, 431P-7, 431P-10, 431P-11, 431P-16, 501-23.5, 502-25
Latest: 431P-1, 431P-2, 431P-5, 431P-5.5, 431P-7, 431P-10, 431P-11, 431P-16, 501-23.5, 502-25