STAND. COM. REP. NO.  153

Honolulu, Hawaii

                , 2011

RE:   H.B. No. 1605

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Water, Land, & Ocean Resources, to which was referred H.B. No. 1605 entitled:

"A BILL FOR AN ACT RELATING TO FLOOD INSURANCE,"

begs leave to report as follows:

     The purpose of this bill is to assist property owners by requiring flood insurers to provide flood insurance coverage under the same terms, conditions, and premium for properties located outside of designated flood zones that have experienced at least one documented flood causing a certain level of damages.

     The State Insurance Commissioner and a concerned individual commented on this bill.

     As affirmed by the record of votes of the members of your Committee on Water, Land, & Ocean Resources that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1605 and recommends that it pass Second Reading and be referred to the Committee on Consumer Protection & Commerce.

Respectfully submitted on behalf of the members of the Committee on Water, Land, & Ocean Resources,

____________________________

JERRY L. CHANG, Chair