Haw. Code R. § 16-23-91 - Allocation of cost of motor vehicle insurance administration

(a) Each insurer authorized to transact motor vehicle insurance in this State shall be assessed by the commissioner an amount computed on the basis of the motor vehicle insurance premiums written in this State by the insurer during the previous calendar year. Each self-insurer shall be assessed based upon the total premium cost for the coverage and vehicles stated in its certificate of self-insurance as if the self-insurer had sold the coverage at the premium rates applicable under the

Hawaii Joint Underwriting Plan. Annually, on April 1 of each year, the commissioner shall determine the amounts due based on the amount needed for that year to administer the commissioner's obligations under article 10C of chapter 431, HRS. The commissioner shall give written notice to each insurer authorized to write motor vehicle insurance in this State and each self-insurer. The amounts required by this subsection shall be due on September 1 of each year.

(b) The commissioner may pay out of the motor vehicle insurance administration revolving fund moneys to cover the cost of administering article 10C of chapter 431, HRS, as described in section 431:10C-115.5, HRS[, and 1997 SLH, Act 251].

Notes

Haw. Code R. § 16-23-91

[Eff 12/28/92; comp 6/1/93; am and comp 1/1/98; comp 1/8/99; comp 11/11/12] (Auth: HRS §§ 2-202, 431:10C-214) (Imp: HRS § 431:10C-115.5)