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


lager with copy OF the policy.
/ Notice must be posted by zach
employer in his place OF business
stating the fact that he has furnished
proper security
i A failure to comply with The pro-
visions as to security Is penalized IN
the amount Of 500 per day per EN-
iploye to be paid into the Territorial
INSURANCE Fund, and If default con-
1 tfnues for more than thirty days an
Injunction against continuing business
may be issued. S
Every insurance policy shall con-
tain provision permitting an employe
to recover directly from the Insurance
carrier, provision that notice to or
knowledge Of the employer shall be
deemed notice to or knowledge OF the
carried, and q provision that bark
fruptcy OF the employer shall net re-
tlieye the carrier.
Z No policy can be cancelled until at
least ten days notice mas been given
the Territorial Insurance Manager aud
1.-THE employer RI
The Territory or any political sub.
division may insure either with the
Territorial Insurance Manager or with
1 private companies.
+ No agreement by employees to con-
tribute to the cost Of Insurance shall
be valid.
fTerritorial insurance Fund. ~.
/ A Territorial Insurance Fund Is Gre
lated. consisting Of premiums and PEN
Ialties paid under the Act. Such fund
lis to be managed by the Territorial
Treasurer as Insurance Manager and
FUSED to pay losses. $50
Z The Territorial Insurance Manager
Els authorized to, do everything necesr
sary to. properly handle the fund; to
sue and to sued: to fix rates: make
Insurance contracts; employ assist-
ants. actuaries, etc. He shall not be
held personally liable for any official
acts. He may. delegate HIS powers to
tdeputies, including the power to make
insurance contracts. etc. He shall give
such additional bono as the governor
may fix; and may deposit the fund
| in the same manner that other public
money may be deposited.
/ Ten per cent of the premiums shall
be set aside to create surplus fund
tuntil such surplus shall amount to
$......, and thereafter five per cent
! shall be set aside until such surplus
! is sufficient in the opinion Of the Ter.
Fftorial Insurance fcanager 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 purpose, To- be later. refm-
bursed out OF the funds collected.
|. Employments 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 ard to be made
as low as possible.
Proper accounts are required by
classes of employments, etc.
At the end of every year and often
Ier If deemed wise. rates may be re-
adjusted, and any balance at any time
remaining to the credit of any class
may, in the discretion of the Insur-
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 70 be issued in theI
form approved by tbe Insurance Man.
sager; premiums are to be paid semi
annually Defaults in payments may
be made the basis of civil actions, and
If continued for ten days shall subject
the employer to a beralty of S1.00 per
day per employe during the period Of
default
An employer not in arrears may
withdraw from the fund on thirty days
written notice, but will remain Iiablej
for assessments for liabilities fort
compensation accrulng prior to with
drawaI unless he commutes this lia-l
bility by cash payment satisfactory
TO the Insurance Manager.
Reinsurance may be obtained ifl
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 a pen
atty of ten times the amount of the
difference between what was paid and
what should have been paid
Any false statement or wilful mis-
representation made in order TO Obtain
insurance is made a misdemesnor and
subject to fine.
The plants and establishments OF
employers insuring with The Territory
are subject to inspection, but no in
formation so obtained or IN anywisel
obtained under the act is to be made
public
Disbursements for losses are to be
made with the approval Of the Terri.
torfa1 Auditor. -
Records Of lriuries. ~@..
A record must be Kept of all injuries
and reports made within forty-aightl