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Hawaii Revised Statutes Division 2. Business § 431:8-321

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

(a) Except as provided in section 431:8-317, a nonresident applicant shall receive a nonresident surplus lines broker license if:

(1) The applicant is currently licensed and is in good standing as a resident surplus lines broker in the applicant's home state;

(2) The applicant has submitted the proper request for licensure and has paid the fees required by section 431:7-101;

(3) The applicant has submitted or transmitted to the commissioner the application for licensure that the applicant submitted to the applicant's home state, or in lieu of the same, a completed uniform application; and

(4) The applicant's home state awards nonresident surplus lines broker licenses to residents of this State on the same basis.

(b) The commissioner may verify the surplus lines broker's licensing status through the producer database maintained by the National Association of Insurance Commissioners, its affiliates, or its subsidiaries.

(c) A nonresident surplus lines broker who moves from one state to another state or a resident surplus lines broker who moves from this State to another state shall file a change of address with the commissioner and shall provide certification from the new resident state within thirty days of the change of legal residence. No fee or license application shall be required. Failure to timely inform the commissioner of a change in address shall result in a penalty pursuant to section 431:2-203.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 431:8-321 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-431-8-321/

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