Establishes the Hawaii Condominium Mutual Insurance Company to provide property and casualty insurance to high-rise residential condominium associations and the owners of those units. Requires reports to the Governor. Establishes the Condominium Loan Fund to assist associations of apartment owners experiencing increased insurance costs.
More detail
Appropriates funds. Effective 7/1/2050. (SD1)
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More on this bill
Where it stands
Introduced
2Passed Senate
3Passed House
4To Governor
5Became Law
Looking ahead
No hearings or votes scheduled.
History
2025
Feb 13Reported from CPN (Stand. Com. Rep. No. 439) with recommendation of passage on Second Reading, as amended (SD 1) and referral to WAM.Latest
Feb 13Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.Minor
Feb 4The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 4 Aye(s): Senator(s) Keohokalole, Fukunaga, Richards, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) McKelvey.Minor
Vote recorded The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. Result: pass.Upper
Jan 31The committee(s) on CPN deferred the measure until 02-04-25 9:30AM; CR 229.Minor
Jan 24The committee(s) on CPN has scheduled a public hearing on 01-31-25 9:30AM; Conference Room 229 & Videoconference.