Haw. Rev. Stat. § 431:14-116.5

Current through the 2024 Legislative Session

Section 431:14-116.5 - Assigned risk pool; experience rating plan

No employer shall be placed in an assigned risk pool for workers' compensation insurance that does not utilize an experience rating plan that includes:

(1) Reasonable eligibility standards;

(2) Incentives for loss prevention;

(3) Sufficient premium differentials to encourage safety; and

(4) Provisions for reasonable and equitable limitations on the ability of policyholders to avoid the impact of past adverse claims experience through change of ownership, control, management, or operation.

HRS § 431:14-116.5

L 1995, c 234, pt of §20