HRS §431:4-418
Limit on yearly charges for policyholders
This section sets a cap on how much a policyholder can be charged in one year for a domestic reciprocal insurer's obligations. The charge cannot exceed a multiple of the premium earned on that policy during that year. It applies to each policy separately.
The statute, as written — Aggregate liability
No one policy or subscriber as to such policy shall be assessed or be charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one calendar year, in excess of the number of times the premium as stated in the policy, computed solely upon premium earned on such policy during that year.
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