HI | The Hawaii Insurance Division has issued Memorandum 2021-14LIC.
With the passage of Act 111, which became law on June 28, 2021, amendments were made to HAR §§16-171-301 to 324, Miscellaneous Insurance Rules, to be aligned with the changes that were made to various sections of Hawaii Revised Statutes (“HRS”). These amendments will establish uniform terms and durations of licenses and registrations issued by the Insurance Division (“Division”), which allows the Division to utilize an electronic process for processing insurance licensing fees, registrations fees, renewal fees, and reinstatement fees. This memorandum is intended to provide a summary of the changes implemented by the amendments to HAR §§16-171-301 to 324. Amendments will have an effective date of January 1st, 2022, with a provision allowing for a delayed implementation if necessary, but no later than beyond December 31, 2022.
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