Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 23 - MOTOR VEHICLE INSURANCE LAW
Subchapter 13 - THE JOINT UNDERWRITING PLAN
Section 16-23-85 - Proration of costs and assigned claims paid
Universal Citation: HI Admin Rules 16-23-85
Current through February, 2024
The commissioner shall annually prorate among and assess all insurers and self-insurers all costs and claims paid under the assigned claims program.
Proration shall be based upon a pro rata distribution for each premium dollar actually or theoretically received. A self-insurer shall be assessed that prorated amount based upon the total premium cost for the coverage and vehicles stated in its certificate of self-insurance, as if the self-insurer had sold such coverage at JUP premium rates.
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