Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 17 - CAPTIVE INSURANCE COMPANIES
Section 16-17-6 - Fee schedule

Universal Citation: HI Admin Rules 16-17-6

Current through November, 2023

(a) Each applicant captive shall pay to the commissioner a nonrefundable application fee of $1,000 for examining, investigating, and processing its license application. Upon approval of the application for a certificate of authority, the applicant captive shall pay to the commissioner a license fee for the certificate of authority in the amount set forth in subsection (b). Thereafter, each captive shall pay to the commissioner a renewal fee in the amount set forth in subsection (b) for each succeeding year on or before April 1.

(b) Depending on its class, a captive shall be subject to the following license and annual renewal fees:

(1) $300 for each class 1 or class 2 captive insurance company;

(2) $500 for each class 3 captive insurance company; or

(3) $1,000 for each class 4 or class 5 captive insurance company.

(c) Each captive shall pay to the commissioner a nonrefundable fee of $25 for the preparation and issuance of each of the following: certificates of compliance, deposit, application, capital and surplus, transcript of records, annual statements, report of examination, and other certifications as may be necessary, but excluding certificates of authority.

(d) Each captive shall pay to the commissioner a nonrefundable fee of twenty-five cents per side of each page for photocopies of documents.

(e) The rates and fees charged by approved independent advisors and consultants used by the commissioner shall be subject to the review of the commissioner.

[Eff 5/13/91; am and comp 3/12/01] (Auth: HRS §§ 431:19-102, 431:19-114, 431:19-115) (Imp: HRS § 431:19-102)

[am and comp 8/18/2016] (Auth: HRS §§ 431:19-102.3, 431:19-106)

Comp 8/17/2019

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