Hawaii Revised Statutes 431:14-105.5 – Standing to intervene in rate filing and ratemaking proceedings
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Terms Used In Hawaii Revised Statutes 431:14-105.5
- Rate: means that cost of insurance per exposure unit whether expressed as a single number or as a prospective loss cost with an adjustment to account for the treatment of expenses, profit, and individual insurer variation in loss experience, prior to any application of individual risk variations based on loss or expense considerations, and does not include minimum premium. See Hawaii Revised Statutes 431:14-101.5
In any workers’ compensation insurance rate filing and ratemaking proceeding before the commissioner under article 14, an insured who is covered by workers’ compensation insurance shall have the right to intervene and participate as a party in interest.