Haw. Code R. § 16-175-1

Current through April, 2024
Section 16-175-1 - Definitions

As used in this chapter:

"Administrative costs" means all costs incident to the management, supervision, or conduct of the insurance division and supporting offices and divisions, including, but not limited to, programs of the insurance division, professional, technical, and personnel costs and other costs incurred to implement and carry out the purposes of title 24. Administrative costs shall consist of line of insurance costs and other insurance division costs.

"Commissioner" means the insurance commissioner of this State.

"Line of insurance costs" means those administrative costs that can be directly attributable to a line or type of insurance as determined by the commissioner.

"Market share" means the percentage of a line or type of insurance that is controlled by an insurer or entity regulated under title 24, as determined by the commissioner.

"Other insurance division costs" means those administrative costs that are not directly attributable to a line or type of insurance as determined by the commissioner.

"Title 24" means title 24 of the Hawaii Revised Statutes ("HRS").

Haw. Code R. § 16-175-1

[Eff 2/16/02] (Auth: HRS § 431:2-201) (Imp: HRS § 431:2-215)