Haw. Code R. § 16-5-6 - Premium rates
(a) In addition to
complying with section 431-693, HRS, premium rates for private passenger motor
vehicle insurance sold on a mass merchandising basis shall comply with all
other provisions of law applicable to motor vehicle insurance premium
rates.
(b) Rates shall not be
deemed to be unfairly discriminatory:
(1)
Because of different policyholders' premiums resulting from different loss
exposures or expense factors so long as the rates reflect the differences with
reasonable accuracy;
(2) If an
insurer issues different mass merchandising plans with different premiums based
on different loss and expense factors, provided the rates reflect the
differences with reasonable accuracy. However, commission allowances shall not
be arbitrarily reduced and variations in expense factors shall be validly
supported;
(3) If rates are
averaged broadly among persons insured under a mass merchandising
plan.
Notes
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