§431P-4 Planning and assessment functions of the fund; discretion to provide insurance. (a) The fund shall be responsible for monitoring the availability of property insurance, including insurance for covered events, in this State. If at any time the board determines, in its sole discretion, that the private insurance market is not making such insurance reasonably available to consumers in this State, the fund may offer policies of hurricane property insurance for sale in accordance with this chapter.
(b) Nothing in subsection (a) shall prohibit the board from exercising its powers to develop plans and procedures for the operation and management of the fund without regard to the determination of the board as to the availability of insurance in the private market. [L 1993, c 339, pt of §2]
Structure Hawaii Revised Statutes
431P. Hawaii Hurricane Relief Fund
431P-2 Establishment of Hawaii hurricane relief fund.
431P-4 Planning and assessment functions of the fund; discretion to provide insurance.
431P-5 Powers, duties, and functions.
431P-5.5 Accumulation of $500,000,000 in funds and commitments.
431P-9 Powers of the commissioner.
431P-10 Coverage available from the fund; deductible.
431P-11 Underlying policy required; hurricane coverage shall be provided.
431P-14 Immunity and limitation on liability.
431P-15 Exemption from property and liability insurance guaranty association; insolvency of fund.