Hawaii Revised Statutes 431:10d-309 Premiums Paid Direct.

§431:10D-309 Premiums paid direct. In the case of weekly premium policies, there may be a provision that upon proper notice to the insurer while premiums on the policy are not in default beyond the grace period, of the intention to pay future premiums directly to the insurer at its home office or any office designated by the insurer for the purpose, the insurer will, at the end of each period of a year from the due date of the first premium so paid, for which period the premiums are so paid continuously without default beyond the grace period, refund a stated percentage of the premiums in an amount which fairly represents the savings in collection expense. [L 1987, c 347, pt of §2]

Section: Previous  431-10d-302  431-10d-303  431-10d-304  431-10d-305  431-10d-306  431-10d-307  431-10d-308  431-10d-309  431-10d-310  431-10d-311  431-10d-312  431-10d-313  431-10d-401  431-10d-402  431-10d-403  Next

Last modified: October 27, 2016