Section 12-11-24 - Notices and reports required with respect to plans(a) Whenever a plan accepted by the director shall thereafter be modified or extended, written notice of the modification or extension, in form approved by the director, shall be filed forthwith with the director, and except as to modifications which are not material modifications and except for the extension of a new plan without material modification for a fixed period of time specified in the agreement of extension, no such modification shall be effective until it has been accepted by the director, and when accepted shall be effective as of the date requested, and no extension shall be effective until notice of extension has been filed with the director.(b) A material modification of a plan shall be effective on acceptance by the director, and, without limitation, any modification which reduces the class or classes of employees to which the plan is applicable or the rate of weekly benefits or the period during which benefits are payable, or which increases the waiting period or the contribution of employees to the cost of benefits, shall be deemed a material modification.[Eff 5/11/81;] (Auth: HRS § 392-91) (Imp: HRS § 392-41)