431:14A-102  Definitions.  As used in this article:

Terms Used In Hawaii Revised Statutes 431:14A-102

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Board: means the board of directors of the Hawaii employers' mutual insurance company. See Hawaii Revised Statutes 431:14A-102
  • Company: means the Hawaii employers' mutual insurance company established by this article. See Hawaii Revised Statutes 431:14A-102
  • Council: means the Hawaii employers' mutual insurance company oversight council. See Hawaii Revised Statutes 431:14A-102
  • Fiduciary: A trustee, executor, or administrator.
  • Oversight: Committee review of the activities of a Federal agency or program.

     “Administrator” means the chief executive officer of the Hawaii employers’ mutual insurance company.

     “Board” means the board of directors of the Hawaii employers’ mutual insurance company.

     “Company” means the Hawaii employers’ mutual insurance company established by this article.

     “Council” means the Hawaii employers’ mutual insurance company oversight council.

     “Investment manager” means any fiduciary, who has been designated by the board to manage, acquire, or dispose of the company’s assets, a bank as defined by law, or an insurance company qualified to perform services under the laws of more than one state.

     “Qualified actuary” means a member of the American Academy of Actuaries who is either a fellow of the Casualty Actuarial Society or an Associate of the Casualty Actuarial Society who has five or more years of experience.