Chapter 386A — Chapter 386A
5 sections in this chapter.
HRS §386A-1 Definitions
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§386A-1 Definitions. As used in this chapter: "Board" means the fund's board of directors. "Fund" means the Hawaii state compensation mutual insurance fund. [L 1985, c 296, pt of §11; am L 1989, c 277, §2]
HRS §386A-12 State fund operational
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§386A-12 State fund operational. The Hawaii state compensation mutual insurance fund shall become operational upon funding by special appropriation by the legislature. [L 1985, c 296, pt of §11; am L 1989, c 277, §7]
HRS §386A-2 Fund's establishment
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§386A-2 Fund's establishment. (a) There is established a workers' compensation state insurance fund to be known as the "Hawaii state compensation mutual insurance fund". (b) The fund shall not be an agency of the State. The fund shall be a nonprofit independent mutual insurance c…
HRS §386A-3 Fund's purpose
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§386A-3 Fund's purpose. The fund's purpose is to sell workers' compensation insurance at the lowest actuarially responsible price as determined by the fund's board. The fund shall commence operation upon appointment and qualification of the initial five members of the fund's boar…
HRS §386A-4 Number, appointment, term
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§386A-4 Number, appointment, term. (a) The board shall be composed of five directors, whose term of office shall be five years, and each director shall hold office until the appointment and qualification of the director's successor. (b) The terms of the first five directors, who …