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Can you summarize HIAR 16-25-16?
APPLICATION PROCEDURES > Financial services loan company applications
Short Summary
This chapter of the Hawaii Administrative Rules pertains to the application procedures relating to Hawaii financial institutions. It covers various applications, including the application for a license as a nondepository financial services loan company, application to sell or refer accidental death and dismemberment insurance, auto club memberships, and home and automobile security plans, application to issue standby letters of credit, application to sell or refer fixed rate annuities, application to deposit cash reserves in United States branches of non-United States banks, application to form and own a service corporation, application for additional service corporation powers, and application for any other approval by the commissioner. The chapter does not specify any exemptions or penalties. The information provided in this chapter is governed by the Hawaii Revised Statutes related to financial institutions.
Whom does it apply to?
Nondepository financial services loan companies, entities selling or referring accidental death and dismemberment insurance, auto club memberships, and home and automobile security plans, entities issuing standby letters of credit, entities selling or referring fixed rate annuities, entities depositing cash reserves in United States branches of non-United States banks, entities forming and owning a service corporation, entities seeking additional service corporation powers, and any other entity seeking approval by the commissioner
What does it govern?
Applications for various financial services and approvals by the commissioner
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Hawaii