Hawaii legislation · 2026 Regular Session
Hawaii SB2964: Relating to Property Insurance.
Status: Signed into law, July 14, 2026
Requires homeowners insurers to provide policyholders with annual disclosures of replacement cost value and the sufficiency of policyholder's coverage. Requires homeowners insurers to offer annually to policyholders increased coverage if the property is underinsured. Requires homeowners insurers to maintain records of disclosures and offers for 5 years. Provides that failure to comply constitutes an unfair or deceptive act or practice in the business of insurance.
What the bill says
A bill for an act relating to property insurance.
From the enrolled text:
A BILL FOR AN ACT RELATING TO PROPERTY INSURANCE. SECTION 1. The legislature finds that widespread underinsurance slows community disaster recovery and increases the cost of aid provided by nonprofit and governmental entities. The legislature further finds that the 2023 Maui wildfires revealed that many homeowners were severely underinsured, leaving many affected residents unable to rebuild and forcing them into debt or permanent displacement. The legislature recognizes that the State faces rapidly escalating rebuilding costs due to its geographic isolation and reliance on imported materials, high labor costs, limited workforce availability, and lengthy permitting and rebuilding timelines. These factors cause replacement costs to rise quickly, often outpacing policy limits if coverage is not reviewed regularly. The legislature notes that most homeowners do not receive annual updates about whether their coverage matches the current cost of rebuilding. Homeowners often discover that they are 2026-2470 SB2964 GDI SMA.docx Page 2 S.B. NO. -- C.D. underinsured only after a catastrophic loss. This lack of transparency leaves policyholders vulnerable and less likely to fully recover following a disaster. The legislature finds that further efforts are necessary to provide homeowners with opportunities to ensure they have adequate coverage to fully replace the residence after a loss. Without these opportunities, homeowners may unknowingly remain underinsured, post-disaster rebuilding delays may increase, and nonprofit and government disaster relief …
Sponsors
- Angus McKelvey (D, 6) · primary sponsor
- Stanley Chang (D, 9)
- Carol Fukunaga (D, 11)
- Troy Hashimoto (D, 5)
- Michelle Kidani (D, 18)
- Tim Richards (D, SD-004)
Latest actions
- : Act 256, on 07/14/2026 (Gov. Msg. No. 1358).
- : Act 256, 07/14/2026 (Gov. Msg. No. 1358).
- : Enrolled to Governor.
- : Received notice of passage on Final Reading in House (Hse. Com. No. 888).
- : Received notice of Final Reading (Sen. Com. No. 816).
- : Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
- : Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
- : Forty-eight (48) hours notice Wednesday, 05-06-26.
- : Reported from Conference Committee (Conf Com. Rep. No. 75-26) as amended in (CD 1).
- : 48 Hrs. Notice (as amended CD 1) 05-06-26.
Votes
- Passed Final Reading, as amended (CD 1) (May 6, 2026): 25 yea, 0 nay, passed
- Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0) (May 6, 2026): 51 yea, 0 nay, passed
- none. (April 29, 2026): 3 yea, 0 nay, passed
- Conference Committee Vote (April 29, 2026): 3 yea, 0 nay, passed
- Third Reading with none voting aye with reservations; none voting no (0) and none excused (0) (April 14, 2026): 51 yea, 0 nay, passed
- Second Reading as amended in HD 1; placed on the calendar for Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Cochran excused (1) (April 9, 2026): 50 yea, 0 nay, passed
Subjects: Report, Penalties, Insurance, Property Insurance
Common questions
- What is SB2964?
- SB2964 is a bill in the Hawaii Legislature (2026 Regular Session): Relating to Property Insurance.
- What does SB2964 do?
- In its own words: A bill for an act relating to property insurance.
- What is the status of SB2964?
- Signed into law as of July 14, 2026. Latest action: Act 256, on 07/14/2026 (Gov. Msg. No. 1358). (July 14, 2026).
- Who sponsored SB2964?
- Angus McKelvey (D, 6), with 5 co-sponsors.
- Where is the official record for SB2964?
- On the Hawaii Legislature website: https://www.capitol.hawaii.gov/measure_indiv.aspx?billtype=SB&billnumber=2964&year=2026
Source: official Hawaii record. Tracked by Delilah, AI for legislation across all 50 states and Congress.