In addition to other activities not expressly prohibited by this article, rating organizations and advisory organizations are authorized, on behalf of their members and subscribers, to:

(1) Develop statistical plans including territorial and class definitions;
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Terms Used In Hawaii Revised Statutes 431:14-107.1

  • Expenses: means that portion of a rate attributable to acquisition, field supervision, collection expenses, general expenses, taxes, licenses, and fees; provided that no tax credit received by any insurer under § 431:7-207 shall reduce the expenses of the insurer for purposes of determining the insurer's rate under this article for the first year of any insurer's rate which is approved pursuant to this article and for which the insurer submits before July 1, 1993, a filing pursuant to the applicable sections of this code to modify the rate in existence on June 30, 1992. See Hawaii Revised Statutes 431:14-101.5
  • Prospective loss costs: means that portion of a rate that does not include provisions for expenses (other than loss adjustment expenses) or profit, and are based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time. See Hawaii Revised Statutes 431:14-101.5
(2) Collect statistical data from members, subscribers, or any other source;
(3) Prepare and distribute prospective loss costs;
(4) Prepare and distribute factors, calculations or formulas pertaining to classification, territory, increased limits, and other variables;
(5) Prepare and distribute manuals of rating rules and rating schedules that do not include final rates, expenses provisions, profit provisions, or minimum premiums;
(6) Distribute information that is required or directed to be filed with the commissioner;
(7) Conduct research and on-site inspections in order to prepare classifications of public fire defenses;
(8) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;
(9) Conduct research and collect statistics in order to discover, identify, and classify information relating to causes or prevention of losses;
(10) Prepare policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;
(11) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
(12) Collect, compile, and distribute past and current prices of individual insurers and publish that information;
(13) File final rates, at the direction of the commissioner, for residual market mechanisms; and
(14) Furnish any other services, as approved or directed by the commissioner, related to those enumerated in this section.

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