HAR §16-23-77. Servicing entities’ duties

A servicing entity shall: (1) Accomplish confirmation of rating criteria, such as an applicant's or policyholder's driving record; (2) Issue, sell, solicit, or negotiate insurance policies and endorsements approved by the commissioner, and certify the eligibility certificates within fifteen working days after receipt of an application for joint underwriting plan coverage; (3) Effectively and efficiently perform all necessary accounting and statistical procedures set forth in the joint underwriting plan manual; (4) Collect the necessary data to disburse commission payments to producers and be able to store the data and transmit it to the Internal Revenue Service annually; and §16-23-79 23-41 (5) Account to the commissioner as required, and take such action as the commissioner may properly require. [Eff 9/1/80; am and comp 9/1/82; comp 9/1/85; comp 9/1/88; comp 9/15/89; comp 9/1/90; am and comp 6/1/93; comp 1/1/98; comp 1/8/99; am and comp 11/11/12; am and comp 7/2/22 ; am and comp 4/17/26] (Auth: HRS §§431:10C-214, 431:10C-406) (Imp: HRS §§431:10C-401 through 431:10C-404)