What is the primary function of the Hawaii Insurance Commissioner concerning unauthorized insurers?

The primary function of the Hawaii Insurance Commissioner concerning unauthorized insurers is to levy penalties for violations. This responsibility is crucial because it ensures that insurers operating without proper authorization are held accountable for their actions. Unauthorized insurers may pose risks to consumers and the insurance marketplace, so the commissioner has the authority to enforce compliance with state laws and regulations. By imposing penalties, the commissioner helps to deter illegal practices and protect the interests of policyholders.

This focus on enforcement underlines the importance of regulating the insurance industry to ensure that all entities offering insurance coverage adhere to the state's legal and financial standards. The role of the commissioner in this context emphasizes the protective function of state regulation in maintaining an orderly and fair insurance market.