Bill > HB20

This bill establishes a "Lava Zone Insurance Special Fund" to help homeowners in "lava zones 1 and 2" (areas identified by the U.S. Geological Survey as having high volcanic flow hazards) afford their insurance premiums. The fund will be financed through legislative appropriations, gifts, grants, fees, and penalties, and its money will be used to subsidize insurance costs for low-income homeowners who do not own investment properties, with limits on subsidy amounts and administrative costs. The bill also clarifies the definitions of lava zones 1 and 2 and appropriates funds for the fiscal year 2026-2027 to both establish the special fund and to provide the subsidies, with the entire act set to take effect on July 1, 3000.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=20&year=2026