HRS §431:3-409
How this part works with other laws and who can be excused
This section says this part adds to other state laws and does not limit the insurance commissioner's other powers. The commissioner can make rules to carry it out. The commissioner can also excuse certain small insurance companies from following this part if they meet specific conditions.
The statute, as written — Supplemental provisions; rules; exceptions
(a) This part is supplemental to any other laws of this State, and shall not preclude or limit any other powers or duties of the commissioner under those laws, including but not limited to article 15. (b) The commissioner may adopt rules pursuant to chapter 91 necessary for the implementation of this part. (c) The commissioner may exempt from the application of this part any domestic property and casualty insurer that: (1) Writes direct business in this State; (2) Writes direct annual premiums of $2,000,000 or less; and (3) Assumes no reinsurance in excess of five per cent of direct premiums written. (d) The commissioner may exempt from the application of this part any domestic benefit society or health maintenance organization that: (1) Writes direct business only in this State; (2) Assumes no reinsurance in excess of five per cent of direct premiums written; and (3) Writes direct annual premiums for comprehensive medical business of $2,000,000 or less; or (4) Is a benefit society or health maintenance organization that covers fewer than two-thousand lives.
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