HRS §386A-3
What the workers' compensation insurance fund is for
Read the official text at capitol.hawaii.gov ↗This section explains the purpose of the workers' compensation insurance fund. The fund sells workers' compensation insurance at the lowest price that is actuarially responsible, as set by its board. It must compete with private insurance companies and can serve as a model for the industry.
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The statute, as written — Fund's purpose
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
The fund's purpose is to sell workers' compensation insurance at the lowest actuarially responsible price as determined by the fund's board. The fund shall commence operation upon appointment and qualification of the initial five members of the fund's board, but the workers' compensation insurance sold initially by the fund shall provide insurance coverage for work injuries occurring from a date to be established by the board and not more than one year from the date of the appointment and qualification. The fund may serve as a model for the workers' compensation insurance industry to determine minimum insurance premium rates. It shall be competitive with other private workers' compensation insurance carriers.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.