LegiEquity
Sign In
2025 Regular Session • Hawaii Legislature

SB1140: Relating To Insurance Of Last Resort.

Legislative Summary

Establishes the Fair Access to Insurance Requirements (FAIR) Program, which shall be established in and administered by the Department of Commerce and Consumer Affairs to ensure that residents in high-risk areas can purchase affordable and comprehensive property insurance coverage for their residential properties. Authorizes the Director of Commerce and Consumer Affairs to issue revenue bonds in amounts authorized by the Legislature, in which case the Premium Stabilization Fund shall be established by the Director. Effective 7/1/2050. (SD1)

Demographic Impact

Overall analysis of equity impact

80% Positive
High ConfidenceView detailed demographic breakdown ↓

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

Bill History

1/17/2025
Introduced.
Senate
1/21/2025
Passed First Reading.
Senate
1/23/2025
Referred to CPN, WAM/JDC.
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
2/10/2025
Reported from CPN (Stand. Com. Rep. No. 174) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.
Senate
2/10/2025
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM/JDC.
Senate

Roll Call Votes

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

Sponsors

Democrat: 4

Primary Sponsor

Angus McKelvey
Angus McKelvey
Democrat

Documents

Amended
Bill Text • 2/7/2025 • 38.1 KB
LegiScanState Site
Introduced
Bill Text • 1/18/2025 • 39.9 KB
LegiScanState Site
Misc
Misc • 2/7/2025 • 78.7 KB
LegiScanState Site
Misc
Misc • 1/30/2025 • 935.0 KB
LegiScanState Site

External Links

View on LegiScanView on State Website