Haw. Code R. § 16-17-15 - Business plan or plan of operation amendments; changes in ownership, governing body and officers
(a) The captive
shall provide written notice and obtain prior approval from the commissioner
for any change in ownership or material change to the captive's business plan
or plan of operation that was filed with the commissioner upon application or
as otherwise required by statute.
(b) The captive shall provide written notice
to the commissioner for any nonmaterial changes to the captive's business plan
or plan of operation or as otherwise required by statute.
(c) The captive shall provide written notice
to the commissioner within thirty days after any change to its governing body
or its officers, including submission of the completed biographical affidavit
of any new member of the captive's governing body or officer. The captive shall
obtain prior approval from the commissioner for any new appointment who does
not already have a biographical affidavit on file with the commissioner.
Notes
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