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Senate committee directs study after amending lava‑zone insurance bill
Summary
The Hawaii Senate Commerce and Consumer Protection Committee on March 24 amended House Bill 20 to remove substantive subsidy language and instead direct the Legislative Reference Bureau to study options to attract insurers and estimate subsidies needed for homeowners in Lava Zones 1 and 2; the amended measure passed.
The Hawaii State Senate Committee on Commerce and Consumer Protection voted March 24 to amend House Bill 20 (HD1), removing the bill’s original subsidy language and instructing the Legislative Reference Bureau (LRB) to study how to bring more insurers into the market and to estimate any subsidy needed to lower premiums for homeowners in Lava Zones 1 and 2.
Chair opened the measure by outlining the bill’s original intent: to establish a Lava Zone Insurance Special Fund…
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