Bill > SB726

This bill addresses the issue of uninsured motorists in Hawaii by requiring insurers to report detailed motor vehicle insurance policy information to the Insurance Commissioner and establishing an electronic insurance verification system. Specifically, insurers must electronically report all existing motor vehicle insurance policies within 15 days of policy issuance, cancellation, or non-renewal, including details such as policyholder name, policy number, coverage dates, and vehicle identification numbers. The Insurance Commissioner will use this information to create a comprehensive electronic database accessible to law enforcement, courts, and licensing officials 24/7, allowing for instant verification of a vehicle's insurance status. If a vehicle owner is found to lack continuous insurance coverage, the Commissioner will notify them by mail or email, providing an opportunity to rectify the situation and warning of potential penalties. The bill aims to reduce the current rate of uninsured motorists (approximately 11% in Hawaii) by creating a more efficient monitoring system, similar to successful programs in other states like Arkansas. To implement this system, the bill appropriates $100,000 for fiscal years 2025-2026 and 2026-2027, with the funds to be managed by the Department of Commerce and Consumer Affairs, and the system will take effect on July 1, 2025.

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https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=726&year=2026