2025 Regular SessionHawaii Legislature

SB805: Relating To Condominium Insurance.

Legislative Summary

Establishes the Hawaii Condominium Mutual Insurance Company to provide property and casualty insurance to high-rise residential condominium associations and the owners of those units. Requires reports to the Governor. Establishes the Condominium Loan Fund to assist associations of apartment owners experiencing increased insurance costs. Appropriates funds. Effective 7/1/2050. (SD1)

Demographic Impact

Overall analysis of equity impact

80% Positive
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Bill History

1/17/2025
Introduced.
Senate
1/21/2025
Passed First Reading.
Senate
1/23/2025
Referred to CPN, WAM.
Senate
1/24/2025
The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.
Senate
1/31/2025
The committee(s) on CPN deferred the measure until 02-04-25 9:30AM; CR 229.
Senate
2/4/2025
The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.
Senate
2/13/2025
Reported from CPN (Stand. Com. Rep. No. 439) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Senate
2/13/2025
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Senate

Roll Call Votes

Senate Commerce and Consumer Protection: Passed, With Amendments
2/4/2025
4
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED

Status Information

Current Status
Introduced(1/17/2025)
Chamber
Senate
Committee
Ways and Means(Senate)

Documents

Amended
Bill Text2/12/202554.8 KB
Introduced
Bill Text1/17/202549.4 KB
Misc
Misc2/12/202580.5 KB
Misc
Misc1/30/2025885.2 KB