Section 16-26-16 - Institutions rated "3"(a) Each institution assigned a UFIRS or NRS composite rating of "3" is to be examined at least once every twelve months. This interval may be extended up to every eighteen months when a longer interval is deemed appropriate. Acceptable reasons for extending an interval would include, but not be limited to: compliance with enforcement actions, favorable financial trends, and satisfactory improvement noted from meetings with the institution's management, visitations, progress reports, or other sources of information.(b) At least one visitation shall be performed in each six-month period when an examination is not conducted. An off-site review may be substituted for a visitation if no additional adverse factors or trends are noted in the review.(c) Additional examinations or visitations of such institutions are encouraged when deemed necessary.[Eff 8/13/87; am and comp 1/27/01] (Auth: HRS §§ 412:2-107, 412:2-200) (Imp: HRS §§ 412:2-100, 412:2-200, 412:2-201, 412:12-108)