Hawaii Revised Statutes 431:16-110 – Duties and powers of the commissioner
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Hawaii Revised Statutes 431:16-110
- Association: means the Hawaii insurance guaranty association created under § 431:16-106. See Hawaii Revised Statutes 431:16-105
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- Insolvent insurer: means an insurer licensed to transact insurance in this State, either at the time the policy was issued or when the insured event occurred, and against whom a final order of liquidation has been entered after May 16, 2000 with a finding of insolvency by a court of competent jurisdiction in the insurer's state of domicile. See Hawaii Revised Statutes 431:16-105
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Member insurer: means any person who:
(1) Writes any kind of insurance to which this part applies under § 431:16-103, including the exchange of reciprocal or inter-insurance contracts; and
(2) Is licensed to transact insurance in this State. See Hawaii Revised Statutes 431:16-105
- month: means a calendar month; and the word "year" a calendar year. See Hawaii Revised Statutes 1-20
- Net direct written premiums: means direct gross premiums written in this State on insurance policies to which this part applies, including policy and membership fees, less the following amounts:
(1) Return premiums;
(2) Premiums on policies not taken; and
(3) Dividends paid or credited to policyholders on such direct business. See Hawaii Revised Statutes 431:16-105