Commissioner's Memorandum 2020-4A, Waivers of Certain Requirements for Insurers, Instructions, and Guidelines

The record

Jurisdiction

Hawaii

Level

Sector regulator

Authority

HRS ch. 431, art. 13

Issued

2020-04-27 Apr. 27, 2020

Effective

2020-04-27

End

'during this emergency period' (read as 2021-09-30)

In force

Apr. 27, 2020 to Sept. 30, 2021

Quarters

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3

Limitation types

Workplace rulesOther

Addressees

• all admitted and non-admitted insurers

Functions reached

• IN insurance operations (audits, inspections, collections)
• OF in-person payment and inspection functions

Collection

Hawaii HI

Operative words

The Insurance Division will not regard the following activities as unfair trade practices or unfair methods of competition under Hawaii Revised Statutes chapter 431, article 13, and encourages carriers to consider adopting and implementing these activities during this emergency period...: Waiving of fees, penalties, or other charges relating to an insured's temporary inability to submit premium payments...; Extending of grace periods for payment of premiums; Granting of additional time to policyholders to pay premiums before non-renewals or cancellations become effective;... Allowing of self-auditing and self-reporting in lieu of physical audits to the extent that physical audits are impracticable; Encouraging policyholders to use electronic payment technology... to avoid in person payments... Virtual inspections of property

Enforcement

Notes