Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1915-03-02

statlng the tact that ne has furnished
Iproper security.
failure to comply with he pro-
Il visions as to tecurity is penaiized in
: the amount Of 81. 90 per day per en-.
Iploye to be paid into the Territorial
Insurance Fund, and II a 1efault con-
/ tinues FOR more than thirty days an
I Injunction against continuing business
may be issued, =, =: =
Every Insurance policy shall con-
to recover directly from the Insurance
carrier, provision that notice to OF
4 knowledge Of the employer shall be
ldeemed notice to or knowledge Of the
4 carried, and q provision that bark
lTuptcy of The employer shall net re-
lieve the carrier.
No policy can be cancelled Until at
i least ten days notice has been given
Z the Territorial Insurance Manager and
the employer.
/ The Territory or any political sub-
division may insure either with The
Territorial Insurance Manager or with
/ private companies. =. s.
No agreement by employees t. con.
tribute to the cost Of insurance shall
Ibe valid. III
tTerritofial lnsursnee Fund. s.s =
A Territorial Insurance Fund Is ere.
ated. consisting of premiums and PEN
aIties paid under the Act, Such fnLd
lis to be managed by the Territorial
/! Treasurer as Insurance Manager and
used to pay losses
The Territorial Insurance Manager
is authorized to do everything neces-
sary to properly handle the fund; to
sue and to sued: to fix rates; make
Insurance contracts; employ assist
ants. aetuaries. etc. He shall not be
held personally liable for any official
acts. He may delegate his powers to
deputies, including the power to make
Insurance contracts. etc. He shall give
lsuch additional bono as the governor
lmay fix: and may deposit the fund
Fin the same manner that other public
money may be deposited.
Ten per cent of the premiums shall
i be set aside to create q surplus fund
luntil such surplus shall amount to
s. and thereafter five per cent
shall be set aside until such surplus
! is sufficient in the opinion Of the Ter.
/ ritorial Insurance manager, A reserve
fund Is also to be created. These
funds may be invested in the same
securities authorized by savings
banks. Securities so held may be sold
with the consent Of the Territorial
Auditor and the proceeds returned to
/ the Fund.
The administration expense shall at
| first be paid out Of moneys appropri.
/ ated for the purposes, TO be later REIN.
bursed out OF the funds collected.
Emp1Oyments are to be classified.
hazards determined and rates fixed.
the latter to be based on the total paw
roll and number of employees in each
class OF employment and to be made
as low as possible.
Proper accounts are required by
classes of employmeats, etc.
At the end of every year and often
er If deemed wise, rates may be re-
adjusted, and any balance at my time
remaining to the credit of any class
may, in the discretion of the 1nsur-
ance Manager. be credited to the in
dividual members of such class.
If premiums are found to have been
too small, assessments may be levied
and when based on estimated pay rolls
the amounts may be adjusted to con-
form to the fact.
Policies are 10 be issued In the
form approved by the Insurance Man
Eager; premiums are to be paid semi
annually Defaults tn payments may
be made the basis Of civil actions, and
IL continued for ten days shall subjsct
the employer to peralty OF $500 per
day per employe during the period OF
default.
4 An employer not in arrears may
withdraw from the fund on thirty days
written notice. but will remain liable
for assessments for liabilities for
compensation accruing pr.or to with
drawal unless he commutes this lia-
bility by a cash payment satisfactory
TO the Insurance Manager.
Reinsurance may be obtained I'll
the Insurance Manager desires
The pay rolls OF employers insuring
in the Territorial Fund shall be sub
ject to audit. and any Justification
renders the employer liable to pen
atty of ten times the amount of the
difference between what was paid and
what should have been paid.
Any false statement or wiIfl mis-
representation made in order 10 Obtain
insurance IS made misdemesner and I
subject to fine.
The plants and establishments OF
employers insuring with the Territory
are subject to inspection, but no I'M
formation so obtained Or in ahyxisef
obtained under the act IS to be made
public
Disbursements for losses are to be
made with the approval Of the Terri
torial Auditor. @ II
Records Of Injuries.
A record must be Kept OF all injuries
and reports made within forty eight
hours after injury OF all injuries caus.
ing absence from work for one day
or more to the Accident Board. Whent