Report Title:

HEMIC

Description:

Requires the oversight council of the Hawaii Employers' Mutual Insurance Company to use the state auditor to report on whether the company is fulfilling its express statutory purposes.

HOUSE OF REPRESENTATIVES

H.B. NO.

2071

TWENTY-SECOND LEGISLATURE, 2004

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

RELATING TO THE HAWAII EMPLOYERS' MUTUAL INSURANCE COMPANY.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 431:14A-109.5, Hawaii Revised Statutes, is amended by amending subsection (f) to read as follows:

"(f) After receipt of the data and information required pursuant to subsection (e), the council shall cause the state auditor to both review the activities of the company and determine whether the company is fulfilling its purpose as set forth in this article[.] under section 431:14A-101. The council shall promptly, but in no event later than October 15, 1998, and every October 15 thereafter, submit through the state auditor a report to the governor, with a copy to the board of directors, stating whether the company is fulfilling its purpose as set forth in this article[.] under section 431:14A-101. If the council, through the state auditor, determines that there are any deficiencies in the company's fulfillment of its purposes as set forth in this article[,] under section 431:14A-101, it shall include in its report a detailed description of any deficiencies. Within a time frame established by the council, but in no event later than six months after delivery of the council's report in accordance with this section, the company shall respond in writing to any deficiencies identified in the council's report. The Hawaii employers' mutual insurance company shall provide staff support to the council."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

INTRODUCED BY:

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