SB 3234

  • Hawaii Senate Bill
  • 2024 Regular Session
  • Introduced in Senate Apr 11, 2024
  • Passed Senate Mar 05, 2024
  • Passed House Apr 09, 2024
  • Governor

Relating To The Stabilization Of Property Insurance.

Abstract

Amends the laws relating to the Hawaiʻi Hurricane Relief Fund and Hawaiʻi Property Insurance Association by: imposing a different transient accommodation tax rate for transient vacation rentals, a property insurance surcharge on conveyance tax, and a temporary property insurance stabilization fee on real property transactions to capitalize the Hawaiʻi Property Insurance Association and Hawaiʻi Hurricane Relief Fund; expanding the statutory authorization for the Hawaiʻi Property Insurance Association to issue property insurance for certain condominiums and amending the designated geographic area eligible for coverage to specifically include lava zones 1 and 2; mandating that the Hawaiʻi Hurricane Relief Fund and Hawaiʻi Property Insurance Association be insurers of last resort; requiring Hawaiʻi Property Insurance Association member insurers and licensed property and casualty insurers to recoup assessment costs paid into the Hawaiʻi Property Insurance Association and the Hawaiʻi Hurricane Relief Fund through a surcharge on premiums; requiring coverage limits and deductibles and fund capitalization amounts for licensed property and casualty insurers to be established in a plan of operation for the Hawaiʻi Hurricane Relief Fund, subject to approval by the Insurance Commissioner; and reinstating the special mortgage recording fee to capitalize the Hawaiʻi Hurricane Relief Fund. Appropriates moneys as a loan to the Hawaiʻi Hurricane Relief Fund to assist it in becoming sufficiently capitalized and other purposes. Authorizes the issuance of general obligation bonds and appropriates bond revenues as a loan to the Hawaiʻi Hurricane Relief Fund to assist it in becoming sufficiently capitalized and other purposes. Effective 7/1/3000. (HD2)

Bill Sponsors (6)

Votes


Actions


Apr 22, 2024

Senate

Received notice of appointment of House conferees (Hse. Com. No. 791).

Apr 19, 2024

House

Received notice of Senate conferees (Sen. Com. No. 726).

House

House Conferees Appointed: Sayama, Yamashita Co-Chairs; Morikawa, Tam, Pierick.

Senate

Senate Conferees Appointed: Keohokalole Chair; DeCoite, Wakai, Rhoads, Fukunaga Co-Chairs; Awa.

Apr 11, 2024

House

Received notice of disagreement (Sen. Com. No. 673).

Senate

Senate disagrees with House amendments.

Senate

Received from House (Hse. Com. No. 728).

Apr 09, 2024

House

Passed Third Reading as amended in HD 2 with none voting aye with reservations; none voting no (0) and none excused (0). Transmitted to Senate.

Apr 05, 2024

House

Forty-eight (48) hours notice Tuesday, 04-09-24.

House

Reported from FIN (Stand. Com. Rep. No. 1833-24) as amended in HD 2, recommending passage on Third Reading.

Apr 03, 2024

House

The committee on FIN recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 14 Ayes: Representative(s) Yamashita, Kitagawa, Aiu, Chun, Cochran, Garrett, Kahaloa, Kila, Kobayashi, Lamosao, Morikawa, Nishimoto, Poepoe, Takenouchi; Ayes with reservations: none; Noes: none; and 2 Excused: Representative(s) Alcos, Ward.

House

Bill scheduled for decision making on Wednesday, 04-03-24 2:30PM in conference room 308 VIA VIDEOCONFERENCE.

Apr 02, 2024

House

The committee(s) on FIN recommend(s) that the measure be deferred until 04-03-24.

Mar 29, 2024

House

Bill scheduled to be heard by FIN on Tuesday, 04-02-24 2:30PM in House conference room 308 VIA VIDEOCONFERENCE.

Mar 22, 2024

House

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) Martinez, Nakashima, Quinlan excused (3).

  • Reading-2
  • Referral-Committee
Finance

House

Reported from CPC (Stand. Com. Rep. No. 1338-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

Mar 20, 2024

House

The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 7 Ayes: Representative(s) Sayama, Amato, Belatti, Hashem, Gates, Onishi, Pierick; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Nakashima, Hussey-Burdick, Lowen, Tam.

Mar 18, 2024

House

Bill scheduled to be heard by CPC on Wednesday, 03-20-24 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

Mar 07, 2024

House

Referred to CPC, FIN, referral sheet 16

  • Referral-Committee
Consumer Protection & Commerce Finance

House

Pass First Reading

Mar 05, 2024

House

Received from Senate (Sen. Com. No. 307) in amended form (SD 1).

Senate

Report Adopted; Passed Third Reading. Ayes, 25; Aye(s) with reservations: Senator(s) Fukunaga, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House.

Mar 01, 2024

Senate

One Day Notice 03-05-24.

Senate

Reported from WAM/JDC (Stand. Com. Rep. No. 3045) with recommendation of passage on Third Reading.

Senate

The committee(s) on JDC recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Elefante, Awa; Aye(s) with reservations: Senator(s) San Buenaventura ; 0 No(es): none; and 0 Excused: none.

Senate

The committee(s) on WAM recommend(s) that the measure be PASSED, UNAMENDED. The votes in WAM were as follows: 11 Aye(s): Senator(s) Dela Cruz, Moriwaki, Aquino, DeCoite, Hashimoto, Inouye, Kidani, Kim, Lee, Wakai, Fevella; Aye(s) with reservations: none ; 0 No(es): none; and 2 Excused: Senator(s) Kanuha, Shimabukuro.

Feb 27, 2024

Senate

The committee(s) on WAM/JDC will hold a public decision making on 03-01-24 10:31AM; Conference Room 211 & Videoconference.

Feb 16, 2024

Senate

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

  • Reading-2
  • Referral-Committee
Ways and Means Judiciary

Senate

Reported from CPN/EET (Stand. Com. Rep. No. 2626) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM/JDC.

Feb 14, 2024

Senate

The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, McKelvey, Richards, Awa; Aye(s) with reservations: Senator(s) Fukunaga ; 0 No(es): none; and 0 Excused: none.

Senate

The committee(s) on EET recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in EET were as follows: 4 Aye(s): Senator(s) DeCoite, Wakai, Kim; Aye(s) with reservations: Senator(s) Fukunaga ; 0 No(es): none; and 1 Excused: Senator(s) Fevella.

Feb 13, 2024

Senate

The committee(s) on CPN/EET deferred the measure until 02-14-24 9:46AM; Conference Room 229.

Feb 07, 2024

Senate

The committee(s) on CPN/EET deferred the measure until 02-13-24 9:30AM; Conference Room 229.

Feb 02, 2024

Senate

The committee(s) on CPN/EET has scheduled a public hearing on 02-07-24 9:30AM; Conference Room 229 & Videoconference.

Senate

Re-Referred to CPN/EET, WAM/JDC.

Jan 29, 2024

Senate

Referred to CPN/EET/WTL, WAM/JDC.

  • Referral-Committee
Commerce and Consumer Protection Water and Land Ways and Means Judiciary

Jan 24, 2024

Senate

Passed First Reading.

Senate

Introduced.

Bill Text

Bill Text Versions Format
SB3234_HD2 PDF HTML
SB3234_HD1 PDF HTML
SB3234_SD1 PDF HTML
SB3234 PDF HTML

Related Documents

Document Format
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Sources

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