Haw. Code R. § 16-23-25

Current through August, 2024
Section 16-23-25 - Supplemental bond or excess liability insurance requirement

The commissioner may require any self-insurer to provide a bond or additional bond, cash, and securities or additional securities in a reasonable amount whenever the commissioner finds that the same is necessary or appropriate. The commissioner may also require the self-insurer to provide evidence of excess liability insurance (in excess of the self-insured retention) in a licensed insurer in an amount the commissioner finds appropriate in light of such factors as the exposure, the number of vehicles involved, and the financial condition of the self-insurer.

Haw. Code R. § 16-23-25

[Eff 9/1/74; am and ren § 16-23-25, 7/7/80; am and comp 9/1/82; comp 9/1/85; comp 9/1/88; am and 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) (Imp: HRS §§ 431:10C-119, 431:10C-602, 431:10C-603; 431:10C-604)