Definitions
HRS §386-192
in effect386-192. Definitions
For the purpose of this part:
"Administrator" means an individual,
partnership, or corporation engaged by a workers' compensation self-insurance
group's board of trustees to carry out the policies established by the group's
board of trustees and to provide day-to-day management of the group.
"Insolvent" or "insolvency"
means the inability of a workers' compensation self-insurance group to pay its
outstanding lawful obligations as they mature in the regular course of
business, as may be shown either by an excess of its required reserves and
other liabilities over its assets or by its not having sufficient assets to
reinsure all of its outstanding liabilities after paying all accrued claims
owed by it.
"Net premium" means premium derived
from standard premium adjusted by any advance premium discounts.
"Service company" means a person or
entity which provides services which are not provided by the administrator.
The services which may be provided by a service company include but are not
limited to:
(1) Claims adjustment;
(2) Safety engineering;
(3) Compilation of statistics and the preparation of
premium, loss, and tax reports;
(4) Preparation of other required self-insurance
reports;
(5) Development of members' assessments and fees; and
(6) Administration of a claims fund account.
"Standard premium" means the premium
derived from the manual rates adjusted by experience modification factors but
before advance premium discounts.
"Workers' compensation self-insurance
group" or "group" means a not-for-profit unincorporated
association consisting of five or more employers who:
(1) Are engaged in the same or similar type of
business;
(2) Are members of the same bona fide trade or
professional association which has been in existence for not less than five
years; and
(3) Enter into agreements to pool their liabilities
for workers' compensation benefits in this State.
[L 1986, c 304, pt of §1]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol07_Ch0346-0398/HRS0386/HRS_0386-0192.htmFetched: 11/10/2026