STAND. COM. REP. NO.  1387

 

Honolulu, Hawaii

                , 2015

 

RE:   S.B. No. 589

      S.D. 2

      H.D. 2

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Consumer Protection & Commerce, to which was referred S.B. No. 589, S.D. 2, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO INSURANCE,"

 

begs leave to report as follows:

 

     The purpose of this measure is to help current and future homeowners who reside in lava zone areas in Hawaii County to obtain and renew property insurance by requiring the renewal of certain property insurance policies in areas where a state of emergency has been declared due to the threat of lava flow and lifting the moratorium on issuing new property insurance policies in these same areas.

 

     The Department of Commerce and Consumer Affairs testified in support of this measure.  The Hawaii Insurers Council testified in support of the intent of this measure.

 

     Your Committee has amended this measure by making technical, nonsubstantive amendments for the purposes of clarity, consistency, and style.

 

     As affirmed by the record of votes of the members of your Committee on Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 589, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 589, S.D. 2, H.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,

 

 

 

 

____________________________

ANGUS L.K. McKELVEY, Chair