Refunds
HRS §386-205
in effect386-205. Refunds
(a) Any moneys for a fund year in excess of the amount necessary to fund all obligations for that fund year may be declared to be refundable by the board of trustees not less than twelve months after the end of the fund year.
(b) Each member shall be given a written
description of the refund plan at the time of application for membership. A
refund for any fund year shall be paid only to those employers who remain
participants in the group for the entire fund year. Payment of a refund based
on a previous fund year shall not be contingent on continued membership in the
group after that fund year.
[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_0386-0205.htmFetched: 11/10/2026