§431:11-107 - Examination. - Hawaii Statutes

     §431:11-107  Examination.  (a)  Subject to the limitation contained in this section and in addition to the powers which the commissioner has under article 2 relating to the examination of insurers, the commissioner shall also have the power to order any insurer registered under section 431:11-105 to produce records, books, or other information papers in the possession of the insurer or its affiliates as are reasonably necessary to ascertain the financial condition of the insurer or to determine compliance with this article.  In the event the insurer fails to comply with the order, the commissioner shall have the power to examine the insurer's affiliates to obtain the information.

     (b)  The commissioner may retain at the registered insurer's expense attorneys, actuaries, accountants, and other experts not otherwise a part of the commissioner's staff as shall be reasonably necessary to assist in the conduct of the examination under subsection (a).  Any persons so retained shall be under the direction and control of the commissioner and shall act in a purely advisory capacity.

     (c)  Each registered insurer producing for examination records, books and papers pursuant to subsection (a) shall be liable for and shall pay the expense of the examination in accordance with article 2. [L 1987, c 349, pt of §8]