Hawaii Revised Statutes 386-199 – Service companies

(a) No service company or its employees, officers, or directors shall be an employee, officer, or director of, or have either a direct or indirect financial interest in, an administrator. No administrator or its employees, officers, or directors shall be an employee, officer, or director of, or have either a direct or indirect financial interest in, a service company.

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Terms Used In Hawaii Revised Statutes 386-199

Contract: A legal written agreement that becomes binding when signed.
Director: means the director of labor and industrial relations. See Hawaii Revised Statutes 386-1
Employee: means any individual in the employment of another person. See Hawaii Revised Statutes 386-1

(b) The service contract shall state that unless the insurance commissioner permits otherwise the service company shall handle all claims and other obligations incurred during the contract period to their conclusion.

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Hawaii Revised Statutes 386-199 – Service companies

Terms Used In Hawaii Revised Statutes 386-199

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