Haw. Code R. § 12-11-17 - Method of evaluating benefits under plans
(a)
Benefits provided under a plan which meets the minimum requirements of section
12-11-16 will be evaluated, to assist in determining whether the plan benefits
are "at least as favorable" as the benefits provided by law, by the use of
tables established by the insurance commissioner which reflect the actuarial
relationship between different types and amounts of benefits.
(b) In evaluating weekly cash disability
benefits, the following will be considered:
(1) Maximum period during which benefits are
payable during fifty-two consecutive weeks or during a single period of
disability.
(2) Non-compensable
waiting period after disability for illness and for accident commences before
benefits are payable.
(3) Benefit
rate, which for evaluation purposes will be the percentage obtained by dividing
the weekly benefit by the weekly wage as defined in section 12-11-18.
Notes
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