Compliance Alerts

    Hawaii Commissioner Releases a Request to Insurers Regarding Recent Wildfires

    Aug 24, 2023 / by AAIS

    On August 16, 2023, the Hawaii Insurance Commissioner issued Commissioner's Memo 2023-3A regarding recent wildfires in Hawaii and Maui counties. The Commissioner is encouraging that insurers work with their insureds to continue coverage at this time, as well as do the following:

    1. Refrain from cancelling or non-renewing policies due to non-payment during this time of hardship and to grant a grace period for premium payments to be made;
    2. Work with insureds on a structured payment plan for late premium payments;
    3. Waive late fees and penalties;
    4. Extend timeframes to complete property and automobile inspections or undergo medical examinations; and
    5. Continue working with insureds for a period of 60 days after this emergency has passed, or as long as reasonably practical.

    This memo is directed to all admitted and non-admitted insurers in the state of Hawaii that provide any type of insurance coverage.

     

    The Hawaii Insurance Division will provide updates on the situation on their website here.

    Tags: Compliance, Hawaii

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