Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 17 - CAPTIVE INSURANCE COMPANIES
Section 16-17-16 - Suspension or revocation of license; fines
Universal Citation: HI Admin Rules 16-17-16
Current through February, 2024
(a) The commissioner may by order fine, suspend or revoke the license of a captive or any combination of these actions:
(1) For any
reason provided in section
431:19-109,
Hawaii Revised Statutes; or
(2)
Pursuant to the captive's request.
(b) In case of suspension or revocation, the commissioner shall advise the captive of procedures and requirements for ongoing operations and winding up the captive's business.
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