Hawaii Revised Statutes 431k. Risk Retention

• 431k-1 Definitions.
  As used in this chapter: "Commissioner" means the insurance commissioner of this State. "Completed operations liability" means liability arising out of the installation, maintenance,...
• 431k-1.5 Financial Responsibility.
  Whenever pursuant to the laws of this State or any county of this State a demonstration of financial responsibility is required as a condition...
• 431k-2 Risk Retention Groups Chartered in This State.
  A risk retention group seeking to be chartered in this State shall be chartered and licensed as a liability insurance company authorized by the...
• 431k-3 Risk Retention Groups Not Chartered in This State.
  Risk retention groups chartered in states other than this State and seeking to do business as a risk retention group in this State shall...
• 431k-3.5 Registration Fees and Service Fees of Risk Retention Groups Not Chartered in This State.
  (a) A risk retention group chartered in states other than this State and seeking to do business as a risk retention group in this...
• 431k-4 Compulsory Associations.
  (a) No risk retention group shall be permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this...
• 431k-5 Repealed.
  L 1989, c 272, §9.
• 431k-6 Purchasing Groups; Exemption From Certain Laws Relating to the Group Purchase of Insurance.
  A purchasing group meeting the criteria established under the provisions of the Federal Liability Risk Retention Act of 1986, P.L. 99-563, shall be exempt...
• 431k-7 Notice and Registration Requirements of Purchasing Groups.
  (a) A purchasing group that intends to do business in this State shall furnish, on forms prescribed by the National Association of Insurance Commissioners,...
• 431k-7.1 Registration Fees and Service Fees of Purchasing Groups.
  (a) A purchasing group that intends to do business in this State shall pay an initial registration fee of $300 to the commissioner and...
• 431k-7.5 Purchasing Group Taxation.
  Premium taxes and taxes on premiums paid for coverage of risks resident or located in this State by a purchasing group or any members...
• 431k-8 Restrictions on Insurance Purchased by Purchasing Groups.
  (a) A purchasing group located in this State may not purchase insurance from: (1) A risk retention group that is not chartered in this...
• 431k-9 Administrative and Procedural Authority Regarding Risk Retention Groups and Purchasing Groups.
  The commissioner is authorized to make use of any of the powers established under chapter 431 to enforce the laws of this State as...
• 431k-10 Penalties.
  A risk retention group which violates any provision of this chapter shall be subject to fines and penalties applicable to licensed insurers generally, including...
• 431k-11 Duty of Producer to Obtain License and to Keep Records.
  (a) Any person acting or offering to act as a producer for a risk retention group or purchasing group which solicits members, sells insurance...
• 431k-12 Binding Effect of Orders Issued in United States District Court.
  An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in...
• 431k-13 Rules.
  The commissioner may adopt rules under chapter 91, relating to risk retention groups as may be necessary or desirable to carry out this chapter....

Last modified: October 27, 2016