2025 Regular Session • Hawaii Legislature
SB1044: Relating To The Stabilization Of Property Insurance.
Legislative Summary
Expands the powers of the Hawaii Property Insurance Association and reactivates the Hawaii Hurricane Relief Fund to help stabilize the property insurance market in the State. Establishes the Condominium Loan Program and the Condominium Loan Revolving Fund, to be administered by the Hawaii Green Infrastructure Authority on behalf of the Department of Business, Economic Development, and Tourism, for the purpose of providing financing for essential repairs and deferred maintenance to condominium associations. Abolishes the Condominium Loan Revolving Fund on 6/30/2047. Establishes the Condominium Loan Loss Reserves Program to incentivize lenders to provide loans at competitive rates and terms to allow condominium associations to make necessary maintenance and repairs. Requires the Insurance Commissioner to conduct a study to develop long-term solutions to help stabilize the property insurance market in the State. Requires reports to the Legislature. Authorizes the issuance of reimbursable general obligation bonds to facilitate the initial issuance of policies to condominium associations. Appropriates funds. (CD1)
Demographic Impact
Overall analysis of equity impact
70% 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 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.
Senate
2/7/2025
Reported from CPN (Stand. Com. Rep. No. 88) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.
Senate
2/7/2025
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
Senate
2/10/2025
The committee(s) on WAM will hold a public decision making on 02-12-25 10:01AM; Conference Room 211 & Videoconference.
Senate
2/12/2025
The committee(s) on WAM recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in WAM were as follows: 13 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Elefante, Hashimoto, Inouye, Kanuha, Kidani, Kim, Lee, C., Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
Senate
2/27/2025
Reported from WAM (Stand. Com. Rep. No. 730) with recommendation of passage on Third Reading, as amended (SD 2).
Senate
2/27/2025
48 Hrs. Notice 03-04-25.
Senate
3/4/2025
Report adopted; Passed Third Reading, as amended (SD 2). Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
Senate
3/4/2025
Received from Senate (Sen. Com. No. 247) in amended form (SD 2).
House of Representatives
3/6/2025
Pass First Reading
House of Representatives
3/6/2025
Referred to CPC, FIN, referral sheet 19
House of Representatives
3/10/2025
Bill scheduled to be heard by CPC on Wednesday, 03-12-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.
House of Representatives
3/12/2025
The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 8 Ayes: Representative(s) Matayoshi, Chun, Ilagan, Kong, Marten, Tam, Pierick; Ayes with reservations: Representative(s) Iwamoto; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen.
House of Representatives
3/18/2025
Reported from CPC (Stand. Com. Rep. No. 1298) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
House of Representatives
3/18/2025
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Ward excused (2).
House of Representatives
3/28/2025
Bill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.
House of Representatives
3/31/2025
The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Takenouchi, Grandinetti, Hussey, Keohokapu-Lee Loy, Kitagawa, Kusch, Lamosao, Lee, M., Miyake, Morikawa, Templo, Alcos, Reyes Oda; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Holt, Ward.
House of Representatives
4/4/2025
Reported from FIN (Stand. Com. Rep. No. 2010) as amended in HD 2, recommending passage on Third Reading.
House of Representatives
4/4/2025
Forty-eight (48) hours notice Tuesday, 04-08-25.
House of Representatives
4/8/2025
Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran, Marten excused (2). Transmitted to Senate.
House of Representatives
4/10/2025
Received from House (Hse. Com. No. 669).
Senate
4/10/2025
Senate disagrees with House amendments.
Senate
4/10/2025
Received notice of disagreement (Sen. Com. No. 779).
House of Representatives
4/14/2025
House Conferees Appointed: Matayoshi, Yamashita Co-Chairs; Chun, Tam, Pierick.
House of Representatives
4/15/2025
Received notice of appointment of House conferees (Hse. Com. No. 731).
Senate
4/17/2025
Senate Conferees Appointed: Keohokalole Chair; Moriwaki Co-Chair; Fukunaga, McKelvey, Awa.
Senate
4/17/2025
Received notice of Senate conferees (Sen. Com. No. 829).
House of Representatives
4/21/2025
Conference committee meeting scheduled for 04-22-25 1:30PM; Conference Room 224.
Senate
4/22/2025
Conference committee meeting to reconvene on 04-23-25 1:31PM; Conference Room 224.
Senate
4/23/2025
Conference Committee Meeting will reconvene on Thursday 04-24-25 1:30PM in conference room 224.
House of Representatives
4/24/2025
Conference committee meeting to reconvene on 04-25-25 1:30PM; Conference Room 224.
Senate
4/25/2025
Conference committee meeting to reconvene on 04-25-25 3:50 PM; Conference Room 224.
Senate
4/25/2025
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 4 Aye(s): Senator(s) Keohokalole, Moriwaki, Fukunaga, McKelvey; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
Senate
4/25/2025
The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 5 Ayes: Representative(s) Matayoshi, Yamashita, Chun, Tam, Pierick; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
House of Representatives
4/25/2025
Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 206).
Senate
4/25/2025
48 Hrs. Notice (as amended CD 1) 04-30-25.
Senate
4/25/2025
Reported from Conference Committee (Conf Com. Rep. No. 206) as amended in (CD 1).
House of Representatives
4/25/2025
Forty-eight (48) hours notice Wednesday, 04-30-25.
House of Representatives
Roll Call Votes
House Conference: Passed, With Amendments
4/25/2025
5
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate Conference: Passed, With Amendments
4/25/2025
4
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Senate Ways and Means: Passed, With Amendments
2/12/2025
13
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Senate Commerce and Consumer Protection: Passed, With Amendments
1/31/2025
3
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED
Status Information
Current Status
Engrossed(3/4/2025)
Chamber
House of Representatives
