NOTICE OF PUBLIC HEARING
Pursuant to Hawaii Revised Statutes (“HRS”) section 431:2-201 and chapter 91, notice is hereby given that the Insurance Division (“Division”) will hold a public hearing on Tuesday, November 29, 2016, at 10:00 a.m., in the Queen Kapiolani Conference Room, 2nd Floor, King Kalakaua Building, Department of Commerce and Consumer Affairs, 335 Merchant Street, Honolulu, Hawaii 96813, to hear all persons interested in the proposed: 1) amendments and compilation of Hawaii Administrative Rules (“HAR”) chapter 16-171 entitled “Miscellaneous Insurance Rules” and 2) repeal of HAR chapter 16-16 entitled “Mental Health, Alcohol, and Drug Abuse Treatment Insurance Benefits.”
The purpose of the proposed amendments to chapter 16-171 is to provide the loss reserve valuation method and rules for actuaries of insurance companies writing life insurance policies. The proposed amendment to subchapter 311 changes the state’s insurance passing examination score from 75 to 70. In addition, there are proposed technical, nonsubstantive amendments to chapter 16-171.
The purpose of the repeal of chapter 16-16 is due to its conflict and incompatibility with chapter 431M, HRS.
All interested persons shall be afforded the opportunity to submit data, views, or arguments, orally or in writing, to the Insurance Division at the time of hearing. All written and oral submissions regarding the proposed rules shall be fully considered. All persons wishing to submit written testimony are requested to submit 2 copies of their written testimony by Wednesday, November 23, 2016, to the Insurance Division at the address noted below.
A copy of the proposedrules may be obtained at no charge before the date of the hearing between 7:45 a.m. and 4:30 p.m., Monday through Friday, excluding holidays, at the following address: Department of Commerce and Consumer Affairs, Insurance Division, 335 Merchant Street, Room 213, Honolulu, Hawaii 96813.
Further, the proposed rules may be reviewed in person free of charge at the Insurance Division at the address and hours of operation noted above. In addition, the full text of the proposed rules is available for review and can be downloaded free of charge from the following websites:
The Office of the Lieutenant Governor:
The Department of Commerce and Consumer Affairs:
Individuals who require special needs accommodations are invited to call Paul Yuen at (808) 586-2790 at least 4 working days prior to the hearing. The Insurance
Division intends to make its decision on the proposed rules at the time of the hearing. However, in the event the Insurance Division decides to take the decision on the proposed rules under advisement, it will announce the date when it intends to make its decision.
GORDON I. ITO
State of Hawaii