Haw. Rev. Stat. § 431:21-119

Current through the 2024 Legislative Session
Section 431:21-119 - Issuance of new policies; removal of moratorium

If residential property insurance is unavailable, as determined by the commissioner, due to a moratorium on the issuance of policies on property situated in lava zones where the mayor of the county of Hawaii has issued a proclamation declaring a state of emergency exists due to the threat of imminent disaster from a lava flow, the association shall remove its moratorium. Upon the moratorium's removal, the association shall offer new policies and may provide a waiting period of no longer than six months for the policy coverage to take effect; provided that the residential property in the lava zone does not have current insurance.

HRS § 431:21-119

Amended by L 2016, c 6,§ 1, eff. 4/11/2016.
Added by L 2015, c 32,§ 3, eff. 5/5/2015.