Schedule of Company Fees, Taxes, and Deposits
STATE OF HAWAII
SCHEDULE OF COMPANY FEES, TAXES, AND DEPOSITS
Life and Accident & Health, Property & Casualty, and Title
Hawaii is not a retaliatory state
SCHEDULE OF COMPANY FEES, TAXES, AND DEPOSITS
Life and Accident & Health, Property & Casualty, and Title
Hawaii is not a retaliatory state
Section I - Fees
| Admission Fees | Prior | Effective 7/1/10 - 6/30/14 |
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| Certificate of Authority (“C/A”) Issuance fee | (due at time of application) | $900.00 | $1,800.00 | |||
| Certificate of Authority service fee (2 yrs incl. partial yr) | (due before issuance of C/A) | $1,200.00 | $2,400.00 | |||
| Hawaii Joint Underwriting Plan Fee (Vehicle only) | (due before issuance of C/A) | $1,000.00 | $1,000.00 | |||
| Application for Issuance of Solicitation Permit (Domestic only) | (due at time of application) | $1,500.00 | $3,000.00 | |||
| Issuance of Solicitation Permit (Domestic only) | (due before issuance of permit) | $150.00 | $300.00 |
| Annual Fees | Prior | Effective 7/1/10 - 6/30/14 |
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| Certificate of Authority Renewal | (due on or before August 16) | $600.00 | $1,200.00 | |||
| Hawaii Joint Underwriting Plan Fee (Vehicle only) | (due on or before August 16) | $1,000.00 | $1,000.00 | |||
| Assessments pursuant to HRS §431:2-215 | Determined Yearly | Determined Yearly |
Other Fees
| Filing of Articles of Incorporation | No Fee | |
| Filing of Bylaws | No Fee | |
| Name Change | No Fee | |
| Redomestication | No Fee | |
| Addition/Deletion of Line of Business | No Fee | |
| Certificate of Deposit | No Fee | |
| Certificate of Compliance | No Fee | |
| Service of Process (due at time of service) | $12.00 |
Section II - Taxes
Premium Taxes - Authorized Insurers Only
| TYPE | RATE | |
| LIFE | 2.75% | |
| A & H | 4.265% | |
| P & C | 4.265% | |
| OCEAN MARINE | 0.8775% | |
| (Gross Underwriting Profit) | ||
| ANNUITY | 0% |
| Annual Tax Filing: | Statements and tax are due annually on or before March 1st. | |
| Monthly Tax Filings: | Effective July 1, 2010, all authorized insurers must now file MONTHLY Premium Tax Statements for gross premiums reported during the month (HRS §§ 431:7-201 and 202). The monthly statement and any applicable payment shall be due on or before the 20th day of the calendar month following the month in which the taxes accrue (2010 Session Laws of Hawaii - Act 22). |
QUESTIONS REGARDING PREMIUM TAX: CONTACT SUSAN HANSEN @ (808) 586-7381.
Section III – Deposits*
| Class of Insurance | Amount Required | |
| Life | $600,000.00 | |
| Accident and Health or Sickness | $450,000.00 | |
| Property | $750,000.00 | |
| Marine and Transportation | $1,000,000.00 | |
| Vehicle | $1,000,000.00 | |
| General Casualty | $1,500,000.00 | |
| Surety | $1,000,000.00 | |
| Title | $400,000.00 |
Maximum Deposit for combination of classes of insurance is $2,500,000.00.
*Deposit shall be for the security of all policyholders and obligees of the insurer in the United States. The Commissioner shall accept the certificate of the public official having supervision over insurance in another state pursuant to HRS §431:3-209.
Checks should be made payable to Department of Commerce and Consumer Affairs, State of Hawaii unless otherwise noted.
This list may not reflect all fees, taxes and assessments.
If you have questions or need assistance, please contact Albert Yamane at:Phone: (808) 586-3870
Fax: (808) 586-3873
E-mail: Albert.Yamane@dcca.hawaii.gov
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