HI Commissioner's Memorandum 2022-5LIC

Remove Marine and Transportation (“MA”), Personal Lines (“PL”), Surety (“SU”), and Vehicle (“VE”) Lines of Authority (“LOAs”) on Licenses if the Licensee also Holds Property and Casualty (“P&C”) LOAs

Year: 2022Length: 293 wordsOfficial source
DAVID Y. IGE GOVERNOR JOSH GREEN LIEUTENANT GOVERNOR STATE OF HAWAII DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS INSURANCE DIVISION 335 MERCHANT STREET, ROOM 213, HONOLULU, HAWAII 96813 P.O. BOX 3614, HONOLULU, HAWAII 96811 Phone Number: (808) 586-2790 Fax Number: (808) 587-6714 insurance.hawaii.gov CATHERINE P. AWAKUNI COLÓN DIRECTOR JO ANN M. UCHIDA TAKEUCHI DEPUTY DIRECTOR COLIN M. HAYASHIDA INSURANCE COMMISSIONER May 31, 2022 MEMORANDUM 2022-5LIC TO: All Resident and Nonresident Producers and Surplus Lines Brokers (“SLBs”) FROM: Colin M. Hayashida Insurance Commissioner SUBJECT: Remove Marine and Transportation (“MA”), Personal Lines (“PL”), Surety (“SU”), and Vehicle (“VE”) Lines of Authority (“LOAs”) on Licenses if the Licensee also Holds Property and Casualty (“P&C”) LOAs Effective May 31, 2022, the Insurance Division will make the following changes to existing resident and nonresident producer and surplus lines broker (“SLB”) licenses as the Hawaii P&C LOA currently includes MA, PL, SU, and VE insurance: 1. For resident and nonresident producer licenses with the following LOAs - P&C, MA, PL, SU and VE: The Insurance Division will remove MA, PL, SU, and VE, and only P&C will be listed on the license. 2. For resident and nonresident SLB licenses with the following LOAs - P&C, MA, PL, SU and VE: The Insurance Division will remove MA, PL, SU, and VE, and only P&C will be listed on the license. There are no changes to LOAs listed on licenses that have only PL or SU lines of authority. These new changes will simplify lines of authority on Hawaii licenses and make licensing processes and requirements more uniform with industry standards. It will also expedite the Insurance Division’s transition to electronic processing of insurance licenses. Please contact the Insurance Division Licensing Branch at inslic@dcca.hawaii.gov if you have any questions on this matter.
HI Commissioner's Memorandum 2022-5LIC: Remove Marine and Transportation (“MA”), Personal Lines (“PL”), Surety (“SU”), and Vehicle (“VE”) Lines of Authority (“LOAs”) on Licenses if the Licensee also Holds Property and Casualty (“P&C”) LOAs | Justis AI