§431:16-113 - Prevention of insolvencies. - Hawaii Statutes

     §431:16-113  Prevention of insolvencies.  To aid in the detection and prevention of insurer insolvencies:

     (1)  The board of directors, upon majority vote, may make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency; and

     (2)  At the conclusion of any domestic insurer insolvency in which the association was obligated to pay covered claims, the board of directors may prepare a report on the history and causes of the insolvency, based on the information available to the association, and submit the report to the commissioner. [L 1987, c 347, pt of §2; am L 2000, c 93, §12]