Haw. Rev. Stat. § 431:10A-408

Current through Act 47 of the 2024 Legislative Session

Section 431:10A-408 - Annual report filed by association

The association shall submit an annual report to the commissioner which shall become public information and shall include the following:

(1) The number of persons insured;

(2) The names of the insurers participating in the association with respect to insurance offered under this part;

(3) The calendar year experience applicable to such insurance offered under this part. Item (3) shall include:

(A) Premiums earned,

(B) Claims paid during the calendar year,

(C) The amount of claims reserve established,

(D) Administrative expenses,

(E) Commissions,

(F) Promotional expenses,

(G) Taxes,

(H) Contingency reserve,

(I) Other expenses, and

(J) Profit and loss for the year.

The commissioner shall require the association to provide any and all information concerning the operations of the association deemed relevant by the commissioner for inclusion in the report.

HRS § 431:10A-408

L 1987, c 347, pt of §2