HWI INS Motor Vehicle Rate Filings

Published on: Dec 10, 2024

On Dec. 4, HWI INS asked liability, aggregate limit filings by Jul. 2025.

  • HWI INS circulated Memorandum 2024-2R to motor vehicle insurers as to rate filings.
  • Requested insurers submit rate filings reflect amendments made to regulations HWI INS 24-431.10C-301 (required motor vehicle policy coverage, liability coverage).
  • Highlights
  • Current Memorandum 2024-2R requires all motor vehicle issuers issuing policies in Hawai'i to submit motor vehicle rate filings to HWI INS no later than Jul. 1, 2025.
  • Rate changes become effective for new or renewed policies on or after Jan. 1, 2026.
  • Deadline
  • Rates to be submitted by Jul. 1, 2025; to be effective on Jan. 1, 2026.
Regulators
HWI INS
Entity Types
Ins
Reference
Nt, Memo 2024-2R, 12/4/2024; Citation: HWI INS 24-431.10C-301;
Functions
Actuarial and Valuation; Financial; Reporting
Countries
United States of America
Category
State
N/A
Products
Auto/Motorcycle; Insurance
Rule Type
Final
Regions
Am
Rule Date
Dec 4, 2024
Effective Date
Jul 1, 2025
Rule ID
235818
Linked to
N/A
Reg. Last Update
Dec 4, 2024
Report Section
US Insurance