HRS §435C-10
Insurance plan must be checked every year
The insurance commissioner must examine the plan's business at least once a year. The exam and its report follow the same rules as other insurance checks. The plan pays for the exam costs.
The statute, as written — Examinations
The insurance commissioner shall make an examination into the affairs of the plan at least annually. Such examination shall be conducted and the report thereon filed in the manner prescribed in section 431:2-302. The expenses of every such examination shall be borne and paid by the plan in the manner prescribed by section 431:2-306.
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