Section 16-23-77 - Servicing carriers' duties A servicing carrier shall:
(1) Accomplish confirmation of rating criteria, such as an applicant's or policyholder's driving record;(2) Issue insurance policies and endorsements, and certify the eligibility certificates within fifteen working days after receipt of an application for JUP coverage;(3) Effectively and efficiently perform all necessary accounting and statistical procedures set forth in the JUP manual;(4) Collect the necessary data to disburse commission payments to producers and be able to store the data and transmit it to the Internal Revenue Service annually; and(5) Account to the commissioner as required, and take such action as the commissioner may properly require. [Eff 9/1/80; am and comp 9/1/82; comp 9/1/85; comp 9/1/88; comp 9/15/89; comp 9/1/90; am and comp 6/1/93; comp 1/1/98; comp 1/8/99; am and comp 11/11/12] (Auth: HRS §§ 431:10C-214, 431:10C-406) (Imp: HRS §§ 431:10C-401 through 431:10C-404)