No employer shall be placed in an assigned risk pool for workers’ compensation insurance that does not utilize an experience rating plan that includes:

(1) Reasonable eligibility standards;

Terms Used In Hawaii Revised Statutes 431:14-116.5

  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
(2) Incentives for loss prevention;
(3) Sufficient premium differentials to encourage safety; and
(4) Provisions for reasonable and equitable limitations on the ability of policyholders to avoid the impact of past adverse claims experience through change of ownership, control, management, or operation.