Annual documents are required to be filed directly with the State of Hawaii Insurance Division, Captive Insurance Branch (CIB) unless otherwise noted. The full memo can be viewed here: Commissioner’s Memorandum 2025-17C
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Annual documents are required to be filed directly with the State of Hawaii Insurance Division, Captive Insurance Branch (CIB) unless otherwise noted. The full memo can be viewed here: Commissioner’s Memorandum 2025-16C
The Hawaii Insurance Division Captive Insurance Branch (CIB) is implementing OPTins (Online Premium Tax for Insurance) for authorized captive insurers to electronically file their state premium tax statement (Form CAP-001) and make electronic payments. OPTins, a product of the National Association of Insurance Commissioners (NAIC), has been developed to facilitate state specific forms and payments. ...
Read More COMMISSIONER’S MEMORANDUM 2025-15C: OPTINS INSTRUCTIONS FOR ALL HAWAII AUTHORIZED CAPTIVE INSURERS
The Federal Emergency Management Agency (FEMA) has recently updated its Flood Insurance Rate Maps (FIRMs), resulting in changes to the flood risk designation of over 3,500 parcels across Oʻahu that will become effective June 10, 2026. These updates are crucial for understanding flood risk island-wide and preparing property owners accordingly. The role of insurance producers, ...
Read More COMMISSIONER’S MEMORANDUM 2025-14A: UPDATED FLOOD INSURANCE RATE MAPS
This Memorandum is issued by the Hawaii Insurance Division (the “Division”) to remind all Insurers authorized to do business in the state that decisions or actions impacting consumers that are made or supported by advanced analytical and computational technologies, including Artificial Intelligence (“AI”) Systems (as defined below), must comply with all applicable insurance laws and ...
Read More COMMISSIONER’S MEMORANDUM 2025-13A: THE USE OF ARTIFICIAL INTELLIGENCE SYSTEMS IN INSURANCE