Haw. Code R. § 12-11-72 - Termination of self-insurer's status and withdrawal of security deposit
(a) A self-insurer who has terminated
self-insured status, or as to whom approval for self-insurance has been
revoked, may apply to the director for return of the security deposit or
cancellation of the surety bond.
(b) After the lapse of twenty-four months
from termination of self-insurer status and proof satisfactory to the director
that all claims have been finally adjudicated and paid, that all fines,
penalties, expenses, and assessments have been paid, and satisfactory
disposition made of the balance of employee contributions, and otherwise
complying with the applicable provisions of law, this chapter, and provisions
of the self-insurer's agreement, the director may release the securities
deposited or permit cancellation of the surety bond.
Notes
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