2024-07-30T19:53:58-05:00 2023-12-31 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2023-01-01 990140916 HAWAII INSURANCE BUREAU INC HAWA 8085312771 770 KAPIOLANI BLVD 415 HONOLULU HI 96813 MATTHEW CHEUNG CHAIR/PRESIDENT 8085312771 2024-07-15 1 1 MICHAEL I TANAKA P00412914 8085242255 2023 2024-08-08 14:25:15Z NA MATTHEW CHEUNG 770 KAPIOLANI BLVD 415 HONOLULU HI 96813 4345007 0 X WWW.HIBINC.COM X 1983 HI TO PROVIDE QUALITY INSURANCE RELATED PRODUCTS AND SERVICES THROUGH STATE-OF-THE-ART TECHNOLOGIES. 5 5 0 0 0 0 0 0 3933692 4151071 27746 39690 2813 0 3964251 4190761 0 0 0 0 18792 18792 0 0 0 3857575 4011012 3876367 4029804 87884 160957 1667783 1861534 0 0 1667783 1861534 TO PROVIDE QUALITY INSURANCE RELATED PRODUCTS AND SERVICES THROUGH STATE-OF-THE-ART TECHNOLOGIES IN THE MOST EFFECTIVE MANNER. 0 0 A TOTAL OF 335 CLIENTS (INCLUDING 185 MEMBERS, AND 150 SUBSCRIBERS) WERE SERVED DURING 2023. A TOTAL OF 47 CIRCULARS AND 21 BULLETINS WERE PUBLISHED FOR ALL LINES AND A TOTAL OF 19,816 EMAIL NOTIFICATIONS WERE SENT. SPECIFIC PRODUCTS OFFERED IN 2023 INCLUDED FILING LOSS COSTS, RULES, AND FORMS FOR ALL PROPERTY AND CASUALTY LINES OF INSURANCE IN THE ORGANIZATION'S JURISDICTION, NON-SPRINKLER/SPRINKLER COMMERCIAL PROPERTY REPORTS, CAD DIAGRAMS AND COLOR PHOTOGRAPHS OF COMMERCIAL PROPERTIES, LOSS COSTS DISKETTES, CLASSIFICATION MANUALS FOR THE LINES OF INSURANCE, AND WEBSITE SERVICES. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X LEIMOMI HAITSUKA 8085402002 770 KAPIOLANI BLVD STE 415 HONOLULU HI 96813 X MICHAEL MITSUKA CHAIR/PRESIDENT 3.00 X X 0 0 0 MATTHEW CHEUNG VICE CHAIR/SECRETARY/TREAS 3.00 X X 0 0 0 LANE NISHIOKA DIRECTOR 1.00 X 0 0 0 STEFANIE YOUNG DIRECTOR 1.00 X 0 0 0 JEFFREY GRIMMER DIRECTOR 1.00 X 0 0 0 STEPHANIE TOKUHAMA DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 DIRECT BUSINESS CONNECTIONS INC 770 KAPIOLANI BLVD STE 415 HON HI 96813 ADMINISTRATIVE SERVICES 1238447 1 ASSESSMENTS 524298 4151071 4151071 4151071 48028 48028 145908 154246 -8338 -8338 -8338 4190761 4151071 0 39690 18792 3665 29762 5614 ADVISORY ORG. FEES 2719751 ADMIN SERVICE CONTRACT 1238447 EQUIPMENT PURCHASES 10772 LICENSE AND FEES 3001 4029804 181111 302318 160169 162558 1 0 1 1 1326502 1396657 1667783 1861534 0 0 X 1667783 1861534 1667783 1861534 1667783 1861534 160957 32794 0 X X 0 1 X 0 0 0 1 0 1 1 1 US GOVERNMENT SECURITIES 756596 F CORPORATE DEBT SECURITIES 339954 F MUTUAL FUNDS 268799 F MUNICIPAL OBLIGATIONS 31308 F 1396657 X 4223555 32794 32794 4190761 0 4190761 4029804 0 4029804 0 4029804 PART X, LINE 2: THE HAWAII INSURANCE BUREAU (BUREAU) IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE BUREAU IS NOT SUBJECT TO INCOME TAXES IN THE U.S. FEDERAL JURISDICTION AND THE STATE. TAX REGULATIONS WITHIN EACH JURISDICTION ARE SUBJECT TO INTERPRETATION OF THE RELATED TAX LAWS AND REGULATIONS AND REQUIRE SIGNIFICANT JUDGMENT TO APPLY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. MEMBERS ARE INSURERS WHO TRANSACT A MAJORITY OF THE LINES OF INSURANCE FOR WHICH SUCH MEMBER IS AFFILIATED WITH THE ORGANIZATION. ADDITIONALLY, THE ORGANIZATION HAS SUBSCRIBERS. THEY ARE INSURERS WHO ARE AFFILIATED FOR LESS THAN THE MAJORITY OF LINES OF INSURANCE. MEMBERS HAVE ONE VOTE BUT SUBSCRIBERS DO NOT HAVE A VOTING RIGHT. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS ARE ELECTED THROUGH THE ANNUAL MEETING FOR MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S CHAIRMAN/PRESIDENT AND VICE CHAIR/SECRETARY/TREASURER REVIEW THE FORM 990 PRIOR TO ITS FILING AND MAKE THE TAX RETURN AVAILABLE TO THE ORGANIZATION'S GOVERNING BODY FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS INTERESTED PERSONS SUCH AS DIRECTORS, OFFICERS, OR COMMITTEE MEMBERS. THEY HAVE A DUTY TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS. THESE PARTIES SIGN A STATEMENT PERIODICALLY TO ACKNOWLEDGE RECEIPT, UNDERSTANDING, AND COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 COPY PROVIDED UPON REQUEST.