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Haw. Rev. Stat. § 431:14-107.1

Rating and advisory organizations, permitted activity

Known as the Insurance Code

The act spans §§ 431:10-101 to 431:9N-104 (1,434 sections).

L 1990, c 255, §3

In addition to other activities not expressly prohibited by this article, rating organizations and advisory organizations are authorized, on behalf of their members and subscribers, to:

(1) Develop statistical plans including territorial and class definitions;

(2) Collect statistical data from members, subscribers, or any other source;

(3) Prepare and distribute prospective loss costs;

(4) Prepare and distribute factors, calculations or formulas pertaining to classification, territory, increased limits, and other variables;

(5) Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expenses provisions, profit provisions, or minimum premiums;

(6) Distribute information that is required or directed to be filed with the commissioner;

(7) Conduct research and on-site inspections in order to prepare classifications of public fire defenses;

(8) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;

(9) Conduct research and collect statistics in order to discover, identify, and classify information relating to causes or prevention of losses;

(10) Prepare policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;

(11) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

(12) Collect, compile, and distribute past and current prices of individual insurers and publish that information;

(13) File final rates, at the direction of the commissioner, for residual market mechanisms; and

(14) Furnish any other services, as approved or directed by the commissioner, related to those enumerated in this section.

Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.