HAR §12-11-67. Application

(a) Every employer and every association of employers, or trustee or trustees paying benefits under a plan or agreement authorized under section 392-41, HRS, desiring to provide for the payment of benefits through approved self-insurance, shall apply to the director to become a self-insurer. The application shall be in the form prescribed by the director. (b) If the applicant is an association of employers or of employees, or a trustee or trustees, each employer of employees for whom benefits under a plan pursuant to section 392-41, HRS, are to be provided by the applicant shall apply, on a form prescribed by the director, for acceptance of the plan of the association of employers or employees, trustee or trustees, as the plan of the employer. (c) If the director is satisfied as to the financial and administrative ability of the applicant to make payment of the benefits provided and that the applicant's tangible assets make reasonably certain the payment of all obligations that may arise under the law, the application may be granted on the conditions herein provided and such other conditions as, in the discretion of the director, may be necessary or desirable in any case. [Eff 5/11/81] (Auth: HRS §392-91) (Imp: HRS §392-4l)