HRS §431:3B-208
Insurance companies must file yearly compliance papers
Insurance companies based in Hawaii must send the state insurance commissioner a written statement every year by March 31 saying they follow the rules in this part. They must keep supporting records for five years and document any needed fixes. The commissioner can inspect these documents.
The statute, as written — Annual certification to commissioner
(a) Each insurer domiciled in the State shall annually submit to the commissioner a written statement by March 31, certifying that the insurer is in compliance with the requirements set forth in this part. (b) Each insurer shall maintain all records, schedules, and data supporting this certificate for a period of five years for examination by the commissioner. (c) To the extent an insurer has identified areas, systems, or processes that require material improvement, updating, or redesign, the insurer shall document the identification and the remedial efforts planned and underway to address those areas, systems, or processes. The documentation shall be available for inspection by the commissioner.
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