SB 1044

  • Hawaii Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Apr 10, 2025
  • Passed Senate Mar 04, 2025
  • Passed House Apr 08, 2025
  • Became Law Jul 07, 2025

Relating To The Stabilization Of Property Insurance.

Abstract

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)

Bill Sponsors (10)

Votes


Actions


Jul 07, 2025

House

Act 296, on 07/07/2025 (Gov. Msg. No. 1407).

Senate

Act 296, 07/07/2025 (Gov. Msg. No. 1407).

May 02, 2025

Senate

Enrolled to Governor.

Senate

Received notice of passage on Final Reading in House (Hse. Com. No. 821).

May 01, 2025

House

Received notice of Final Reading (Sen. Com. No. 888).

Apr 30, 2025

House

Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).

Senate

Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.

Apr 25, 2025

House

Forty-eight (48) hours notice Wednesday, 04-30-25.

House

Reported from Conference Committee (Conf Com. Rep. No. 206) as amended in (CD 1).

Senate

48 Hrs. Notice (as amended CD 1) 04-30-25.

Senate

Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 206).

House

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.

Senate

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

Conference committee meeting to reconvene on 04-25-25 3:50 PM; Conference Room 224.

Apr 24, 2025

Senate

Conference committee meeting to reconvene on 04-25-25 1:30PM; Conference Room 224.

Apr 23, 2025

House

Conference Committee Meeting will reconvene on Thursday 04-24-25 1:30PM in conference room 224.

Apr 22, 2025

Senate

Conference committee meeting to reconvene on 04-23-25 1:31PM; Conference Room 224.

Apr 21, 2025

Senate

Conference committee meeting scheduled for 04-22-25 1:30PM; Conference Room 224.

Apr 17, 2025

House

Received notice of Senate conferees (Sen. Com. No. 829).

Senate

Senate Conferees Appointed: Keohokalole Chair; Moriwaki Co-Chair; Fukunaga, McKelvey, Awa.

Apr 15, 2025

Senate

Received notice of appointment of House conferees (Hse. Com. No. 731).

Apr 14, 2025

House

House Conferees Appointed: Matayoshi, Yamashita Co-Chairs; Chun, Tam, Pierick.

Apr 10, 2025

House

Received notice of disagreement (Sen. Com. No. 779).

Senate

Senate disagrees with House amendments.

Senate

Received from House (Hse. Com. No. 669).

Apr 08, 2025

House

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.

Apr 04, 2025

House

Forty-eight (48) hours notice Tuesday, 04-08-25.

House

Reported from FIN (Stand. Com. Rep. No. 2010) as amended in HD 2, recommending passage on Third Reading.

Mar 31, 2025

House

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.

Mar 28, 2025

House

Bill scheduled to be heard by FIN on Monday, 03-31-25 3:15PM in House conference room 308 VIA VIDEOCONFERENCE.

Mar 18, 2025

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) Cochran, Ward excused (2).

  • Reading-2
  • Referral-Committee
Finance

House

Reported from CPC (Stand. Com. Rep. No. 1298) as amended in HD 1, recommending passage on Second Reading and referral to FIN.

Mar 12, 2025

House

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.

Mar 10, 2025

House

Bill scheduled to be heard by CPC on Wednesday, 03-12-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE.

Mar 06, 2025

House

Referred to CPC, FIN, referral sheet 19

  • Referral-Committee
Consumer Protection & Commerce Finance

House

Pass First Reading

Mar 04, 2025

House

Received from Senate (Sen. Com. No. 247) in amended form (SD 2).

Senate

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.

Feb 27, 2025

Senate

48 Hrs. Notice 03-04-25.

Senate

Reported from WAM (Stand. Com. Rep. No. 730) with recommendation of passage on Third Reading, as amended (SD 2).

Feb 12, 2025

Senate

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.

Feb 10, 2025

Senate

The committee(s) on WAM will hold a public decision making on 02-12-25 10:01AM; Conference Room 211 & Videoconference.

Feb 07, 2025

Senate

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

  • Reading-2
  • Referral-Committee
Ways and Means

Senate

Reported from CPN (Stand. Com. Rep. No. 88) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.

Jan 31, 2025

Senate

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.

Jan 24, 2025

Senate

The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.

Jan 23, 2025

Senate

Referred to CPN, WAM.

  • Referral-Committee
Commerce and Consumer Protection Ways and Means

Jan 21, 2025

Senate

Passed First Reading.

Jan 17, 2025

Senate

Introduced.

Bill Text

Bill Text Versions Format
SB1044_HD2 PDF HTML
SB1044_CD1 PDF HTML
SB1044_HD1 PDF HTML
SB1044_SD1 PDF HTML
SB1044_SD2 PDF HTML
SB1044 PDF HTML

Related Documents

Document Format
No related documents.

Sources

Data on Open States is updated periodically throughout the day from the official website of the Hawaii State Legislature.

If you notice any inconsistencies with these official sources, feel free to file an issue.