Hawaii Administrative Rules
Title 12 - DEPARTMENT OF LABOR AND INDUSTRIAL RELATIONS
Chapter 11 - TEMPORARY DISABILITY INSURANCE
Subchapter 5 - REQUIREMENTS FOR SELF-INSURED COVERAGE
Section 12-11-77 - Limitation of fund

Universal Citation: HI Admin Rules 12-11-77
Current through August, 2024

The separate fund provided by section 12-11-76 shall not exceed five per cent of the employer's highest monthly payroll in the last twelve completed calendar months. No further deductions shall be made from employees until the fund falls below the five 1/2 percent indicated above. The additional withholdings plus the fund balance shall not exceed five percent of the employer's highest payroll in the last twelve completed calendar months. The director may, based on the actuarial experience of an employer or group of employers, reduce the limitation prescribed by this section.

Disclaimer: These regulations may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.