Haw. Code R. § 16-17-7 - Examination, investigation, and financial surveillance expenses

(a) Captive insurance companies subject to examination, investigation, or financial surveillance shall be responsible for the payment of expenses associated with the examination, investigation, or financial surveillance. Examination, investigation, and financial surveillance expenses shall include costs, mileage, and other reasonable and appropriate expenses associated with the examination, investigation, or financial surveillance, as determined by the commissioner.

(1) If insurance division staff are employed in the examination, investigation, or financial surveillance of a captive insurance company, the captive insurance company shall be liable for the following additional examination fees:

(A) Administration at a rate of $30 per hour or fraction thereof;

(B) Examiner I at a rate of $50 per hour or fraction thereof;

(C) Examiner II at a rate of $55 per hour or fraction thereof; and

(D) Examiner III at a rate of $60 per hour or fraction thereof.

(2) If an independent contractor is employed or retained by the commissioner in the examination, investigation, or financial surveillance of a captive insurance company, the captive insurance company shall be liable for the charges of services rendered.

(b) Upon presentation of an invoice incurred from the examination, investigation, or financial surveillance, the captive insurance companies shall pay the commissioner for the expenses incurred from the examination, investigation, or financial surveillance. The payment shall be credited to the captive insurance administrative fund.

Notes

Haw. Code R. § 16-17-7

[Eff and comp 3/12/01] (Auth: HRS §§ 431:2-306, 431:19-108, 431:19-114, 431:19-115) (Imp: HRS §§ 431:2-306, 431:19-108, 431:19-115) Am and comp 8/18/2016 Am and comp 8/17/2019