2013 Hawaii Revised Statutes
TITLE 24. INSURANCE
431. Insurance Code
431:16-113 Prevention of insolvencies.
§431:16-113 Prevention of insolvencies. To aid in the detection and prevention of insurer insolvencies:
(1) The board of directors, upon majority vote, may make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency; and
(2) At the conclusion of any domestic insurer insolvency in which the association was obligated to pay covered claims, the board of directors may prepare a report on the history and causes of the insolvency, based on the information available to the association, and submit the report to the commissioner. [L 1987, c 347, pt of §2; am L 2000, c 93, §12]
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