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Hawaii Revised Statutes Division 2. Business § 431:9J-112

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

(a) An administrator shall file an annual report for the preceding calendar year with the commissioner on or before March 1 of each year, in a form and manner prescribed by the commissioner.

(b) The annual report shall include:

(1) The names and addresses of all insurers with which the administrator had an agreement during the preceding calendar year; and

(2) A renewal certificate for the surety bond required in section 431:9J-103 and an updated surety bond form, if needed.

(c) An administrator shall file with the commissioner an audited financial statement for the preceding calendar year by an independent certified public accountant on or before June 1 of each year.

(d) An audited financial statement and annual report prepared on a consolidated basis shall include a columnar consolidating or combining worksheet filed with the report and shall include the following:

(1) Worksheet or worksheets showing the amounts shown on the consolidated audited financial report;

(2) Amounts for each entity that shall be stated separately; and

(3) Explanations of consolidating and eliminating entries.

(e) The annual report shall be in the form, and contain the matters, as the commissioner prescribes and shall be verified by at least two officers of the administrator.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 431:9J-112 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-431-9j-112/

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