HAR §12-11-71. Proof of ability to process claims

Each applicant shall submit proof satisfactory to the director that adequate provision has been made by the applicant, and by each employer, to comply with the obligation to pay benefits, and from time to time, upon request, shall satisfy the director that the provision is kept effective. [Eff 5/11/81] (Auth: HRS §392-91) (Imp: HRS §392-41) §12-11-72 Termination of self-insurer's status and withdrawal of security deposit. (a) A self-insurer who has terminated self-insured status, or as to whom approval for self-insurance has been revoked, may apply to the director for return of the security deposit or cancellation of the surety bond. (b) After the lapse of twenty-four months from termination of self-insurer status and proof satisfactory to the director that all claims have been finally adjudicated and paid, that all fines, penalties, expenses, and assessments have been paid, and satisfactory disposition made of the balance of employee contributions, and otherwise complying with the applicable provisions of law, this chapter, and provisions of the self-insurer's agreement, the director may release the securities deposited or permit cancellation of the surety bond. [Eff 5/11/81] (Auth: HRS §392-91) (Imp: HRS §392-41)