Standards and authority

HRS §431:15-103.5, under Chapter 431.

HRS §431:15-103.5

§431:15-103.5 Standards and authority. (a) The following standards, either singly or in a combination of two or more, may be considered by the commissioner to determine whether the continued operation of any insurer transacting insurance business in this State may be deemed to be hazardous to its policyholders, its creditors, or the general public:

(b) For the purposes of making a determination of an insurer's financial condition under this part, the commissioner may:

(c) If the commissioner determines that the continued operation of the insurer licensed to transact business in this State may be hazardous to its policyholders, its creditors, or the general public, the commissioner may, upon the commissioner's determination, issue an order requiring the insurer to:

If the insurer is a foreign insurer, the commissioner's order may be limited to the extent provided by statute.

(d) Any insurer subject to an order under subsection (c) may request a hearing to review that order pursuant to chapter 91. [L 1993, c 321, §3; am L 2013, c 190, §3]