Revision Note
Part heading added by revisor pursuant to §23G-15.
[§431:10E-142] Provisions for properties in lava zones in the county of Hawaii. (a) Where the mayor of the county of Hawaii has issued a proclamation declaring the existence of a state of emergency due to the threat of imminent disaster from a lava flow in a lava zone, the total number (rounded to the nearest whole number) of property insurance policies that an insurer may non-renew in a lava zone shall be limited for each calendar year to five per cent of the total number of covered policies of the insurer in force in that lava zone.
(b) Notwithstanding subsection (a), an insurer may cancel or non-renew a property insurance policy where:
(1) Premium payments for the policy are not made after reasonable demand therefor; or
(2) The commissioner determines the financial soundness of the insurer would be impaired. [L 2015, c 32, pt of §2]
Cross References
Hawaii property insurance association, issuance of new policies on properties in lava zones, see §431:21-119.
Section: Previous 431-10e-102 431-10e-103 431-10e-121 431-10e-122 431-10e-123 431-10e-124 431-10e-141 431-10e-142 431-10f-101 431-10f-102 431-10f-103 431-10f-104 431-10f-105 431-10g-101 431-10g-102 NextLast modified: October 27, 2016