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2011 Hawaii Code
DIVISION 2. BUSINESS
TITLE 24. INSURANCE
431. Insurance Code
§431 10C-209.5 Intervention by commissioner to adjust rates.


HI Rev Stat § 431 (2011 through Reg Sess) What's This?

[§431:10C-209.5] Intervention by commissioner to adjust rates. (a) The commissioner, annually, may reduce rates and may adjust rates prospectively for any class or type of mandatory coverage or optional additional motor vehicle insurance coverage for any insurer or group of insurers, if rates are excessive, inadequate, or unfairly discriminatory.

(b) An affected party that objects to a rate adjustment pursuant to subsection (a) shall be entitled to a public hearing under chapter 91, at which all affected and interested parties shall have an opportunity to examine, comment, and present testimony on the impact and application of the proposed or revised rates. [L 1997, c 251, pt of §2]

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