Hawaii Administrative Rules
Title 6 - DEPARTMENT OF BUDGET AND FINANCE
Division - PUBLIC UTILITIES COMMISSION
Chapter 62 - MOTOR CARRIER RULES AND CLASSIFICATION OF PROPERTY AND PASSENGER CARRIERS
Subchapter 2 - INSURANCE REQUIREMENTS
Section 6-62-10 - Self-insurer's certification

(a) The commission may in its discretion accept a certificate of self-insurance issued by the insurance commissioner, if it is satisfied that the applicant, in whose name more than twenty-five vehicles are registered, is possessed and will continue to be possessed with the financial ability to pay judgments as a self insurance.

(b) Upon a hearing held pursuant to a notice given to the applicant or the motor carrier not less than five days before the hearing, the commission may reject a certificate of self-insurance upon reasonable grounds. Failure to pay or otherwise satisfy any final judgment within thirty days after it is entered, if the judgment has not been stayed, constitutes reasonable grounds for rejecting a certificate of self insurance.

(c) The commission may request written proof of a motor carrier's financial ability to respond to judgments.

(d) A motor carrier holding a certificate of self insurance must file an affidavit reciting that its certificate of self-insurance remains in full force and effect at the end of each calendar year or at such other time specified by the commission.