Scope and purpose

HRS §431:3D-101, under Insurance Code.

HRS §431:3D-101

[ARTICLE 3D]

RISK MANAGEMENT AND OWN RISK AND SOLVENCY ASSESSMENT

[§431:3D-101] Scope and purpose. (a) This article shall apply to all insurers domiciled in this State unless exempt pursuant to section 431:3D-106.

(b) The purposes of this article shall be to:

(1) Provide the requirements for maintaining a risk management framework and completing an own risk and solvency assessment; and

(2) Provide guidance and instructions for filing an own risk and solvency assessment summary report with the commissioner. [L 2016, c 140, pt of §1]