Bill Text: HI SB723 | 2014 | Regular Session | Introduced

Hawaii Senate Bill 723 (Prior Session Legislation)

Introduced

Bill Title: Motor Vehicle Insurance; Electronic Reporting

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2013-12-18 - Carried over to 2014 Regular Session. [SB723 Detail]

Download: Hawaii-2014-SB723-Introduced.html

THE SENATE	S.B. NO.	723
TWENTY-SEVENTH LEGISLATURE, 2013
STATE OF HAWAII

A BILL FOR AN ACT

relating to motor vehicles.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 431:10C, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§431:10C- Mandatory electronic reporting of liability insurance status. (a) Before July 1, 2014, each insurer that issues motor vehicle insurance policies shall advise the commissioner of the electronic method to be used for reporting liability coverage information under subsections (b), (c), and (d). The commissioner shall determine the liability coverage information and data required to be reported in a form developed and prepared by the commissioner and establish an electronic conversion schedule.

(b) Before January 1, 2015, each insurer shall report the liability coverage information for all existing motor vehicle insurance policies for vehicles registered in this State to the commissioner in a manner that preserves existing relationships and that allows smaller insurers and those with unusual circumstances to be accommodated, consistent with the intent of this section. Accommodation methods include an extension of the mandatory electronic reporting deadline set forth in this section to no later than July 1, 2015.

(c) After December 31, 2014, each insurer shall electronically report to the commissioner all issued motor vehicle insurance policies together with the liability coverage information required by subsection (a) within thirty days of the effective date of the coverage.

(d) After December 31, 2014, each insurer shall electronically report to the commissioner the cancellation or nonrenewal of a reported policy or any change of information previously reported under subsection (b) or (c), as specified by the commissioner, within forty-five days of the date of cancellation, nonrenewal, or change. This report shall include the effective date of the cancellation or amendment, or the last date of coverage in the case of a nonrenewal, and any other information that does not exceed that required under subsection (c).

(e) The commissioner may adopt rules, pursuant to chapter 91, for reporting insurance information, including establishing acceptable timeframes and approved methods for reporting information."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:	_____________________________

Report Title:

Motor Vehicle Insurance; Electronic Reporting

Description:

Requires motor vehicle insurers to electronically report to the insurance commissioner all existing policies within 45 days. Requires each insurer to report cancelled, nonrenewed, altered, and new policies.

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.