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Hawaii Revised Statutes Division 2. Business § 431:8-316

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) If any surplus lines broker fails to:

(1) File statements required by section 431:8-313; or

(2) Pay the premium tax required by section 431:8-315 when the tax is due,

the surplus lines broker may be liable for a fine of up to $25 for each day of delinquency.

(b) The commissioner may:

(1) Collect the premium tax required by section 431:8-315 by distraint;

(2) Recover the premium tax required by section 431:8-315 and fine for failure to pay the premium tax by instituting an action in any court of competent jurisdiction; or

(3) Recover the fine for failure to file the statements required by section 431:8-313 by instituting an action in any court of competent jurisdiction.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 431:8-316 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-431-8-316/

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