Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 175 - INSURANCE REGULATION FUND ASSESSMENTS
Section 16-175-1 - Definitions

Universal Citation: HI Admin Rules 16-175-1
Current through August, 2024

As used in this chapter:

"Administrative costs" means all costs incident to the management, supervision, or conduct of the insurance division and supporting offices and divisions, including, but not limited to, programs of the insurance division, professional, technical, and personnel costs and other costs incurred to implement and carry out the purposes of title 24. Administrative costs shall consist of line of insurance costs and other insurance division costs.

"Commissioner" means the insurance commissioner of this State.

"Line of insurance costs" means those administrative costs that can be directly attributable to a line or type of insurance as determined by the commissioner.

"Market share" means the percentage of a line or type of insurance that is controlled by an insurer or entity regulated under title 24, as determined by the commissioner.

"Other insurance division costs" means those administrative costs that are not directly attributable to a line or type of insurance as determined by the commissioner.

"Title 24" means title 24 of the Hawaii Revised Statutes ("HRS").

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