Hawaii Revised Statutes 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.

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Terms Used In Hawaii Revised Statutes 431:10E-142

county: includes the city and county of Honolulu. See Hawaii Revised Statutes 1-22
lava zone: means a volcanic hazard zone identified by the United States Geological Survey on the island of Hawaii. See Hawaii Revised Statutes 431:10E-141

(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.

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Hawaii Revised Statutes 431:10E-142 – Provisions for properties in lava zones in the county of Hawaii

Terms Used In Hawaii Revised Statutes 431:10E-142

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