Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 5 - MASS MERCHANDISING OF [MOTOR VEHICLE] INSURANCE
Subchapter 3 - PREMIUM RATES, UNDERWRITING STANDARDS AND STATISTICS
Section 16-5-6 - Premium rates
Universal Citation: HI Admin Rules 16-5-6
Current through August, 2024
(a) In addition to complying with section 431-693, HRS, premium rates for private passenger motor vehicle insurance sold on a mass merchandising basis shall comply with all other provisions of law applicable to motor vehicle insurance premium rates.
(b) Rates shall not be deemed to be unfairly discriminatory:
(1) Because of different
policyholders' premiums resulting from different loss exposures or expense
factors so long as the rates reflect the differences with reasonable
accuracy;
(2) If an insurer issues
different mass merchandising plans with different premiums based on different
loss and expense factors, provided the rates reflect the differences with
reasonable accuracy. However, commission allowances shall not be arbitrarily
reduced and variations in expense factors shall be validly supported;
(3) If rates are averaged broadly among
persons insured under a mass merchandising plan.
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