Cross References
Hawaii hurricane relief fund, see chapter 431P.
[§431:21-111] Duties and powers of the commissioner. (a) The commissioner shall provide the association with a statement of the net direct written premiums of each member insurer.
(b) The commissioner shall approve an assessment of member insurers by the association when the association is insolvent as defined in section [431:15-103(a)].
(c) The commissioner may suspend or revoke after a hearing the certificate of authority of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative, the commissioner may levy a fine on any member insurer which fails to pay an assessment when due. The fine shall not exceed five per cent of the unpaid assessment per month and shall not be less than $100 per month. [L 1991, c 284, pt of §2]
Section: Previous 431-21-105 431-21-105.5 431-21-106 431-21-107 431-21-108 431-21-109 431-21-110 431-21-111 431-21-112 431-21-113 431-21-114 431-21-115 431-21-116 431-21-117 431-21-118 NextLast modified: October 27, 2016