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Hawaii · 2025 Regular Session · Bill

SB 1044: RELATING TO THE STABILIZATION OF PROPERTY INSURANCE.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

SB 1044 is a bill introduced in the Hawaii Senate on January 17, 2025. According to its official title, it concerns: RELATING TO THE STABILIZATION OF PROPERTY INSURANCE. Primary sponsor: Jarrett Keohokalole (Democratic), AQUINO, Stanley Chang (Democratic), Carol Fukunaga (Democratic), Troy Hashimoto (Democratic), Angus McKelvey (Democratic), Sharon Moriwaki (Democratic), Karl Rhoads (Democratic), Tim Richards (Democratic). It lists 1 additional sponsor. Most recent recorded action (July 7, 2025): Act 296, 07/07/2025 (Gov. Msg. No. 1407).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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)

Sponsors

Sponsors by party (alphabetical): Democratic 9

NameRolePartyChamberDistrict
Jarrett KeohokalolePrimary sponsorDemocraticSenate24
AQUINOPrimary sponsorNot applicable (committee)——
Stanley ChangPrimary sponsorDemocraticSenate9
Carol FukunagaPrimary sponsorDemocraticSenate11
Troy HashimotoPrimary sponsorDemocraticSenate5
Angus McKelveyPrimary sponsorDemocraticSenate6
Sharon MoriwakiPrimary sponsorDemocraticSenate12
Karl RhoadsPrimary sponsorDemocraticSenate13
Tim RichardsPrimary sponsorDemocraticSenate4
Glenn WakaiCo-sponsorDemocraticSenate15

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Act 296, 07/07/2025 (Gov. Msg. No. 1407).
  2. Act 296, on 07/07/2025 (Gov. Msg. No. 1407).
  3. Received notice of passage on Final Reading in House (Hse. Com. No. 821).
  4. Enrolled to Governor.
  5. Received notice of Final Reading (Sen. Com. No. 888).
  6. Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
  7. Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1).
  8. Conference committee meeting to reconvene on 04-25-25 3:50 PM; Conference Room 224.
  9. 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.
  10. 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.
  11. Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 206).
  12. 48 Hrs. Notice (as amended CD 1) 04-30-25.

Showing 12 most recent of 40 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source