Section 16-23-78 - Allowances to servicing carriers Servicing carriers shall be reimbursed for their servicing expenses on the basis of:
(1) Non-CPAI:(A) Ten per cent of written premium for operating costs, excluding claims expense, plus;(B) Twelve per cent of earned premium for the reporting period for loss adjustment expenses, both allocated or direct and unallocated or indirect, for liability coverage; and(C) Ten per cent of earned premium for the reporting period for physical damage coverages;(2) CPAI: (A) Six per cent of written premium for operating costs, excluding claims expense, plus;(B) Twelve per cent of earned premium for the reporting period for loss adjustment expenses, both allocated or direct and unallocated or indirect, for liability coverage. [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; comp 6/1/93; comp 1/1/98; comp 1/8/99; comp 11/11/12] (Auth: HRS §§ 431:10C-214, 431:10C-406) (Imp: HRS §§ 431:10C-401 through 431:10C-404)