Section 12-11-15 - Plans which were not in existence on June 30, 1969Any plan which was not in existence on June 30,1969, but which is in existence on or after January 1, 1970, is a new plan and, if the benefits provided meet the requirements of section 12-11-16, may be accepted by the director under section 392-41, HRS, provided:
(1) The benefits are to be provided under the plan for a fixed term; the acceptable period of the plan shall be such term; or(2) The employer has filed with the director the required agreements and otherwise complied with section 12-11-21; the acceptable period of the plan shall be limited to the period provided in section 12-11-21(3).[Eff 5/11/81] (Auth: HRS § 392-91) (Imp: HRS § 392-41)