Section 16-77-100 - Recovery fund assessments(a) If a contractor fails to pay the contractors recovery fund fee provided in section 444-27, HRS, within sixty days from the date of the assessment, the contractor's license shall be automatically forfeited without a hearing.(b) A license forfeited under subsection (a) may be restored upon submittal of the assessed contractors recovery fund fee plus a penalty fee of ten dollars within thirty days of forfeiture. Failure to submit these fees within this time period shall require the contractor to apply as a new applicant. The contractor shall be required to pay these fees, in addition to meeting the other requirements contained in this chapter and chapter 444, HRS, as a condition of relicensure.[Eff and comp 12/9/02; comp 4/15/04] (Auth: HRS §§ 444-4, 444-27) (Imp: HRS § 444-27)