Licensing Requirements: Surplus lines brokers are required to be licensed under Hawaii law. Haw. Rev. Stat. §§ 431:8-310; 431:8-321. To apply for a surplus lines license an applicant must (1) pay
Does the state impose a fiduciary obligation on producers with respect to the handling of client funds (e.g. funds, monies, premiums and return premiums)? Yes. Every licensed producer shall have the
May producers both charge a fee and collect a commission in connection with transactions and services provided to a particular client? Insurance producers may charge fees in addition to receiving
Currently, Hawaii has no state laws or regulations pertaining to Producer’s Compensation Disclosure.
What entities are covered? “Any business that owns or licenses personal information of residents of Hawaii, any business that conducts business in Hawaii that owns or licenses personal information in