Haw. Code R. § 16-23-79 - Commissions

A servicing carrier shall pay a producer for business written pursuant to the JUP a commission at the following rate:

(1) For private passenger non-fleet motor vehicle insurance, a commission of eight per cent of the written premium up to a maximum amount of $75 per vehicle for all new business and five per cent of the written premium up to a maximum amount of $35 per vehicle for all renewals;

(2) For commercial and all other vehicles, five per cent of written premium for all new business and renewals; and

(3) No commission shall be paid for CPAI business.

All risks transferred from one servicing carrier to another under the JUP or reinstated policies are to be considered renewal business.

Notes

Haw. Code R. § 16-23-79

[Eff 9/1/80; am and comp 9/1/82; am and comp 9/1/85; comp 9/1/88; comp 9/15/89; comp 9/1/90; comp 6/1/93; am 1/30/95; am and comp 1/1/98; am and comp 1/8/99; am and comp 11/11/12] (Auth: HRS §§ 431:10C-214, 431:10C-406) (Imp: HRS §§ 431:10C-401 through 431:10C-404)