2016-06-01T14:48:46-05:00 2015-12-31 262451631 JAY MIYAKI CPA LLC 600 QUEEN ST SUITE C-4 HONOLULU HI 968135113 990 2015-01-01 237291686 HAWAII INSURANCE GUARANTY ASSOCIATI HAWA 8085281222 PO BOX 4660 HONOLULU HI 968124660 BLAKE OBATA EXECUTIVE DIRECTOR 8085281222 2016-05-13 true JAY MIYAKI P00853901 8085221042 2016-06-01 2015 2016-09-27 15:27:22Z BLAKE OBATA 1003 BISHOP STREET SUITE 1160 HONOLULU HI 96813 2930805 false X N/A X 1984 HI THE ASSOCIATION WAS CREATED BY THE STATE FOR THE TIMELY PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID FINANCIAL LOSS TO CLAIMANTS DUE TO INSURER INSOLVENCY. 9 9 4 0 0 1066372 2916052 15676 14739 14 1082048 2930805 0 0 365403 373634 0 0 2235952 3136926 2601355 3510560 -1519307 -579755 11050679 10470924 0 11050679 10470924 X THE ASSOCIATION WAS CREATED UNDER THE HAWAII INSURANCE GUARANTY ASSOCIATION ACT UNDER ARTICLE 16, CHAPTER 431 OF THE HAWAII REVISED STATUTES. THE ASSOCIATION ACTS AS A MECHANISM FOR THE TIMELY PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. false false 3295561 2916052 NET CLAIM PAYMENTS GOVERNED BY STATUTES WHICH SET FORTH FILING DEADLINES AND MAXIMUM CLAIM SETTLMENT AMOUNTS. 3295561 false false false true false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 87 0 4 true false false false false false false X 9 9 false false false false true true false true true false false true true true true true true true true false X BLAKE OBATA 8085281222 1003 BISHOP STREET SUITE 1160 HONOLULU HI 96813 ISAAC KOSASA CHAIRMAN 1.00 X 0 0 0 MICHAEL ONOFRIETTI VICE-CHAIRMA 1.00 X 0 0 0 SHANNON KELLY SECRETARY/TR 1.00 X 0 0 0 KATHLEEN G BISSELL DIRECTOR 1.00 X 0 0 0 LLOYD CHAFFIN DIRECTOR 1.00 X 0 0 0 TEUILA BLYTHE DIRECTOR 1.00 X 0 0 0 ELLEN POOLE DIRECTOR 1.00 X 0 0 0 JON HEDEGARD DIRECTOR 1.00 X 0 0 0 WAYNE NAKAMURA DIRECTOR 1.00 X 0 0 0 BLAKE OBATA EXECUTIVE DI 40.00 X 124070 0 23327 124070 23327 1 false false false THE QUEENS MEDICAL CENTER THE QUEENS MEDICAL CENTER 1301 PUNCHBOWL ST 1301 PUNCHBOWL ST HONOLULU HI 96813 MEDICAL 161573 LAW OFFICE OF JAMES J STONE LAW OFFICE OF JAMES J STONE 841 BISHOP ST 1711 841 BISHOP ST 1711 HONOLULU HI 96813 PLAINTIFF ATTOR 134231 2 REIMB/ADVANCS FROM LIQUIDTORS 524298 2619959 2619959 RECVRIES, REINSUR, SALV, SUBR 524298 296093 296093 2916052 14739 14739 OTHER INCOME 900099 14 14 14 2930805 2930805 124070 92323 31747 165721 123317 42404 25981 19333 6648 34872 25949 8923 22990 17107 5883 15458 13424 2034 48429 48429 2621 1950 671 4884 3634 1250 47996 35715 12281 106876 79529 27347 12527 9322 3205 3231 2404 827 6363 4735 1628 1684 1253 431 CLAIMS PAID 2622712 2622712 CLAIMS EXPENSES 184519 184519 DUES AND SUBSCRIPTIONS 47922 35660 12262 PARKING 13773 10249 3524 17931 12426 5505 3510560 3295561 214999 0 1414638 1531230 9616942 8926957 172192 159455 19099 12737 11050679 10470924 0 0 X 11050679 10470924 11050679 10470924 11050679 10470924 -579755 X X true X true X true false false true false 172192 159455 12737 12737 X 2930805 2930805 2930805 3510560 3510560 3510560 SCHEDULE D, PAGE 3, PART X MANAGEMENT IS REQUIRED TO ASCERTAIN THE EFFECT OF UNCERTAIN TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS IF THEY ARE MORE LIKELY THAN NOT TO FAIL UPON REGULATORY EXAMINATION. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS. TAX RETURNS ARE OPEN FOR EXAMINATION BY THE TAXING AUTHORITIES UNTIL THE STATUTE OF LIMITATION (GENERALLY THREE YEARS) EXPIRES. FORM 990 - ORGANIZATION'S MISSION THE ASSOCIATION WAS CREATED UNDER THE HAWAII INSURANCE GUARANTY ASSOCIATION ACT UNDER ARTICLE 16, CHAPTER 431 OF THE HAWAII REVISED STATUTES. THE ASSOCIATION ACTS AS A MECHANISM FOR THE TIMELY PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. FORM 990, PAGE 6, PART VI, LINE 6 INSURERS WHICH WERE ADMITTED AS OF MAY 25, 1971 TO TRANSACT THE KINDS OF INSURANCE COVERED BY THE ACT IN THE STATE OF HAWAII SHALL BE MEMBERS OF THE HAWAII INSURANCE GUARANTY ASSOCIATION. EACH INSURER ADMITTED AFTER MAY 25, 1971 TO TRANSACT THE KINDS OF INSURANCE COVERED BY THE ACT SHALL AUTOMATICALLY BECOME, EFFECTIVE ON THE DATE OF ITS ADMISSION, A MEMBER OF THE GUARANTY ASSOCIATION. AN INSURER WHICH CEASES TO BE ADMITTED AFTER MAY 25, 1971 SHALL AUTOMATICALLY CEASE TO BE A MEMBER EFFECTIVE ON THE DAY FOLLOWING THE TERMINATION OR EXPIRATION OF ITS CERTIFICATE OF AUTHORITY TO TRANSACT THE KINDS OF INSURANCE COVERED BY THE ACT, PROVIDED SUCH INSURER SHALL REMAIN LIABLE FOR ANY ASSESSMENTS BASED ON INSOLVENCIES OCCURRING PRIOR TO THE TERMINATION OF ITS CERTIFICATE. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS SHALL CONSIST OF NINE MEMBER INSURERS. THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE MEMBER INSURERS AND SHALL FAIRLY REPRESENT MEMBER INSURERS WITH EACH MEMBER INSURER TO HAVE ONE VOTE. IN THE EVENT THE COMMISSIONER DETERMINES THAT ALL MEMBER INSURERS ARE NOT FAIRLY REPRESENTED, THE COMMISSIONER SHALL DISAPPROVE THE MEMBERSHIP OF THE BOARD AND ORDER ANOTHER ELECTION. IN THE INTERIM BETWEEN SUCH DISAPPROVAL AND THE SUBSEQUENT ELECTION, THE COMMISSIONER MAY APPOINT A TEMPORARY BOARD OF DIRECTORS WHICH FAIRLY REPRESENTS THE MEMBER INSURERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS ROUTED TO THE EXECUTIVE COMMITTE FOR REVIEW AND APPROVAL BEFORE SUBMITTAL TO THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, EACH EMPLOYEE & THE BOARD OF DIRECTORS ARE REQUIRED TO READ, ACKNOWLEDGE, AND ACCEPT IN WRITING, THE ASSOCIATION'S CONFLICT OF INTEREST POLICY. THE BOARD AND EXECUTIVE DIRECTOR MONITOR THE POLICY THROUGHOUT THE YEAR. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO DISCUSS AND APPROVE ANY SALARY INCREASES FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES, USING THE APPROPRIATE COMPARABLE SALARY DATA. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO DISCUSS AND APPROVE ANY SALARY INCREASES FOR THE EXECUTIVE DIRECTOR AND OTHER KEY EMPLOYEES, USING THE APPROPRIATE COMPARABLE SALARY DATA. FORM 990, PAGE 6, PART VI, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII ACCOUNTING METHOD USED TO PREPARE FORM 990 FINANCIAL STATEMENTS AND REPORTING, QUESTION 1 THE FORM 990 IS PREPARED ON A MODIFIED CASH BASIS, THE SAME ACCOUNTING BASIS AS THE ASSOCIATION'S AUDITED FINANCIAL STATMENTS.