06-26-2021, 08:04 PM
(This post was last modified: 06-26-2021, 08:30 PM by HereOnThePrimalEdge.)
And, of course, we gotta great rid of the state sponsored welfare. HPIA has got to go.
The state does require insurers to be a part of HPIA, but the program can't factually be called state sponsored welfare. Like all other insurable risks the cost is pooled among users. My insurance company requires that I accept and pay for a lot of coverage that I don't need if I want coverage for the parts I do want.
From the HPIA FAQ page:
Q: Is the HPIA a state agency?
The HPIA is a nonprofit unincorporated association of all licensed insurers that write property and casualty insurance in Hawaii. Each insurer is required to be a member of the HPIA as a condition of their authority to transact business in the State. Each member insurer participates in the writings, expenses, profits, and losses of the HPIA in proportion to their market share of property and casualty insurance written in Hawaii. There is no public funding or taxpayers’ monies involved.
http://www.hpiainfo.com/coverage-information/faq/
The state does require insurers to be a part of HPIA, but the program can't factually be called state sponsored welfare. Like all other insurable risks the cost is pooled among users. My insurance company requires that I accept and pay for a lot of coverage that I don't need if I want coverage for the parts I do want.
From the HPIA FAQ page:
Q: Is the HPIA a state agency?
The HPIA is a nonprofit unincorporated association of all licensed insurers that write property and casualty insurance in Hawaii. Each insurer is required to be a member of the HPIA as a condition of their authority to transact business in the State. Each member insurer participates in the writings, expenses, profits, and losses of the HPIA in proportion to their market share of property and casualty insurance written in Hawaii. There is no public funding or taxpayers’ monies involved.
http://www.hpiainfo.com/coverage-information/faq/