Haw. Code R. § 14-44-5 - Changes in participation agreement
(a) It shall be the
responsibility of a participant to notify the administrator in writing of any
change in an entry on the participation agreement.
(b) Upon receipt of a notification of change,
the administrator shall promptly inform the participant whether the change
requires:
(1) An amended participation
agreement to be filed and accepted by the board; or
(2) Proof or documentation to substantiate
the change.
(c) The
administrator shall make the change as soon as practicable following the
receipt of a notification of change and any additional material
required.
(d) If a change would be
inconsistent with the plan or this chapter, the administrator shall promptly
notify the participant in writing that the change cannot be made and the reason
why it cannot be made.
Notes
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