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431:10C-305.5 Right to reimbursement of deductible paid; when.

HI Rev Stat § 431:10C-305.5 (2019) (N/A)
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§431:10C-305.5 Right to reimbursement of deductible paid; when. If an insured is involved in an accident with an uninsured motorist and the insured paid a deductible amount for damages incurred in that accident, and if the insurer recovers any money from the uninsured motorist, the insurer shall reimburse the insured, provided that:

(1) The amount recovered shall be divided equally between the insured and the insurer;

(2) The amount of the insured's reimbursement shall not exceed the deductible paid; and

(3) If the amount of damages exceeds $2,500, the insurer shall:

(A) Pay the full amount of the deductible to the insured; or

(B) Initiate proceedings against the uninsured motorist to recover damages. [L 1988, c 21, §1]

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431:10C-305 Source of payment.
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