Hawaii Homeowners Insurers Annual Disclosure Requirements

State Bills: Hawaii

Published March 10th, 2026

Detected April 2nd, 2026

Summary

Hawaii SB2964 requires homeowners insurers to provide policyholders with annual disclosures of replacement cost value and coverage sufficiency, and to offer increased coverage annually when properties are underinsured. Insurers must maintain records of disclosures and offers for five years. Non-compliance constitutes an unfair or deceptive act or practice in the business of insurance.

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What changed

Hawaii Senate Bill 2964 adds new disclosure obligations for homeowners insurers operating in the state. The bill requires insurers to annually disclose to policyholders: (1) the replacement cost value of the insured property, and (2) whether the policyholder's coverage is sufficient. Additionally, insurers must annually offer increased coverage to any policyholder whose property appears underinsured.

Compliance officers at homeowners insurers should review current disclosure practices and implement systems to provide the required annual disclosures. Insurers must also establish recordkeeping protocols to maintain documentation of all disclosures and coverage offers for five years. The bill takes effect July 1, 2050, providing a long implementation runway. Violations of these requirements constitute unfair or deceptive practices under Hawaii insurance law, potentially exposing insurers to enforcement action by the state insurance commissioner.

What to do next

Audit current disclosure practices to identify gaps against new annual disclosure requirements for replacement cost value and coverage sufficiency
Implement system updates to provide annual offers of increased coverage to underinsured policyholders
Establish five-year recordkeeping procedures for all disclosures and coverage offers to policyholders

Penalties

Non-compliance constitutes an unfair or deceptive act or practice in the business of insurance

Source document (simplified)

ChangeBridge / Hawaii / SB2964 Passed SB2964 Senate Bill Passed 2026-03-10

Relating To Property Insurance.

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 five years. Provides that failure to comply constitutes an unfair or deceptive act or practice in the business of insurance. Effective 7/1/2050. (SD1)

Bill Details

State Hawaii

Session 2026 Regular Session

Chamber Senate

Official Source www.capitol.hawaii.gov/session/measure_ind...

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Action History

2026-03-31 H The committee on CPC recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Matayoshi, Grandinetti, Chun, Ilagan, Kong, Marten, Tam, Pierick; Ayes with reservations: Representative(s) Iwamoto; Noes: none; and 2 Excused: Representative(s) Ichiyama, Lowen. 2026-03-27 H Bill scheduled to be heard by CPC on Tuesday, 03-31-26 2:05PM in House conference room 329 VIA VIDEOCONFERENCE. 2026-03-12 H Referred to CPC, referral sheet 17 2026-03-12 H Pass First Reading 2026-03-10 H Received from Senate (Sen. Com. No. 327) in amended form (SD 1). 2026-03-10 S Passed Third Reading, as amended (SD 1). Ayes, 25; Aye(s) with reservations: Senator(s) Inouye, Richards, San Buenaventura. Noes, 0 (none). Excused, 0 (none). Transmitted to House. 2026-03-05 S 48 Hrs. Notice 3/10/2026. 2026-03-05 S Report adopted; Passed Second Reading, as amended (SD 1). 2026-03-05 S Reported from CPN (Stand. Com. Rep. No. 2797) with recommendation of passage on Second Reading, as amended (SD 1) and placement on the calendar for Third Reading. 2026-02-25 S The committee(s) on CPN recommend(s) that the measure be PASSED, WITH AMENDMENTS. The votes in CPN were as follows: 5 Aye(s): Senator(s) Keohokalole, Fukunaga, Lamosao, McKelvey, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none. 2026-02-20 S The committee(s) on CPN has scheduled a public hearing on 02-25-26 9:32AM; Conference Room 229 & Videoconference. 2026-01-30 S Referred to CPN. 2026-01-26 S Passed First Reading. 2026-01-23 S Introduced.

Votes

2026-02-25 Senate Commerce and Consumer Protection: Passed, With Amendments Yea: 5 Nay: 0

Committee Referrals

2026-01-30 S Commerce and Consumer Protection 2026-03-12 H Consumer Protection & Commerce

Bill Text Versions

2026-01-24 Introduced 2026-03-04 Amended

Subjects

Homeowners Insurance Underinsurance Replacement Cost Value Mandatory Disclosure Offer to Insure to Value Record Keeping Legislative data powered by LegiScan (CC BY 4.0)

Named provisions

Annual Disclosure Requirements Replacement Cost Value Disclosure Sufficiency of Coverage Disclosure Offer of Increased Coverage Recordkeeping Requirements Unfair or Deceptive Practices