Annual Publication of Motor Vehicle Insurers and Private Passenger Auto Premiums

STATE OF HAWAII INSURANCE DIVISION DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS P.O. Box 3614 August 12, 2011 Memorandum 2011-3R Honolulu, HI 96811 TO: All Motor Vehicle Insurers Authorized in the State of Hawaii FROM: Gordon I. Ito, Insurance Commissioner SUBJECT: Annual Publication of Motor Vehicle Insurers and Private Passenger Auto Premiums Pursuant to §431:10C-210, Hawaii Revised Statutes (HRS), as amended by Act 116, Session Laws of Hawaii 2010, the Insurance Commissioner shall publish annually, in a newspaper of general circulation in the state, notice of availability of a list of all motor vehicle insurers with representative annual premiums for motor vehicle insurance. The Hawaii Insurance Division intends to make this listing available on the Division’s website based on insurers’ rates in effect November 1, 2011. As such, each insurer shall furnish to the Commissioner, representative annual premium quotations no later than September 15, 2011. Please see the general instruction box below. *****************************************I M P O R T A N T N O T I C E ***************************************** MEMORANDUMS WILL NO LONGER BE SENT TO INSURERS REGARDING COMPLIANCE WITH §431:10C-210, HRS. UPDATED INFORMATION WILL BE POSTED ON THE DIVISION’S WEBSITE ANNUALLY. RESPONSIBILITY FOR COMPLIANCE RESTS WITH INSURERS. GENERAL INSTRUCTIONS 1. COMPLETE INSTRUCTIONS ARE AVAILABLE ON THE DIVISION’S WEBSITE: Obtain complete instructions and worksheets from our website. Information will be updated by August 15th annually. (Please use lower-case letters for the web address.) Go to: http://hawaii.gov/dcca/ins/insurers/rate_policy/mv_forms 2. RESPONSE DEADLINE: ALL MOTOR VEHICLE INSURERS ARE REQUIRED TO RESPOND. Paper copies of completed worksheets or exemption requests (see #3 below) are required to be furnished to the Rate & Policy Analysis Branch by September 15th annually. (If this date falls on a week-end, information shall be furnished by the following business day.): Mailing Address: Street/Express Address: Rate & Policy Analysis Branch Rate & Policy Analysis Branch Insurance Division Insurance Division P.O. Box 3614 335 Merchant Street, 2nd Floor, Room 213 Honolulu, HI 96811-3614 Honolulu, HI 96813 3. NOTHING TO REPORT: Each Insurer who does not transact private passenger auto business in Hawaii must state such exemption in writing and mail to the Rate & Policy Analysis Branch. Insurers who fail to respond may be subject to penalties. 4. ANNUAL FILING REQUIREMENTS: At the beginning of each year, please review the reporting requirements pursuant to §431:10C-210, HRS, reflected in the Annual Filing Instructions and Tax Forms posted on the Division’s website. (Please use lower-case letters for the web address): Go to: http://hawaii.gov/dcca/ins/insurers/annual-filing-instructions-and-tax-forms Select: Property & Casualty Insurers (LICENSED) 5. QUESTIONS: Questions may be directed to the Insurance Division’s Rate & Policy Analysis Branch at (808) 586-2809 or RPAdatacall@dcca.hawaii.gov.