2025-07-24T20:59:15-05:00 2024-12-31 990169131 N&K CPAS INC 999 BISHOP ST STE 2200 HONOLULU HI 96813 990 2024-01-01 990140916 HAWAII INSURANCE BUREAU INC HAWA 8085312771 770 KAPIOLANI BLVD 415 HONOLULU HI 96813 STEFANIE YOUNG CHAIR/PRESIDENT 8085312771 2025-06-28 1 1 MICHAEL I TANAKA P00412914 8085242255 2024 2025-03-06 01:10:19Z NA STEFANIE YOUNG 770 KAPIOLANI BLVD 415 HONOLULU HI 96813 4925495 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 4151071 4458715 39690 49495 0 290 4190761 4508500 0 0 0 0 18792 18792 0 0 0 4011012 4342818 4029804 4361610 160957 146890 1861534 1982353 0 0 1861534 1982353 TO PROVIDE QUALITY INSURANCE RELATED PRODUCTS AND SERVICES THROUGH STATE-OF-THE-ART TECHNOLOGIES IN THE MOST EFFECTIVE MANNER. 0 0 A TOTAL OF 336 CLIENTS (INCLUDING 184 MEMBERS, AND 152 SUBSCRIBERS) WERE SERVED DURING 2024. A TOTAL OF 26 CIRCULARS AND 51 BULLETINS WERE PUBLISHED FOR ALL LINES AND A TOTAL OF 22,335 EMAIL NOTIFICATIONS WERE SENT. SPECIFIC PRODUCTS OFFERED IN 2024 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 MATTHEW CHEUNG CHAIR/PRESIDENT 3.00 X X 0 0 0 LANE NISHIOKA DIRECTOR 1.00 X 0 0 0 STEFANIE YOUNG VICE CHAIR/SECRETARY/TREAS 3.00 X X 0 0 0 JEFFREY GRIMMER DIRECTOR 1.00 X 0 0 0 MICHAEL MITSUKA 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 4458715 4458715 4458715 55510 55510 410980 416995 -6015 -6015 -6015 MISCELLANEOUS INCOME 524298 290 290 290 4508500 4458715 0 49785 18792 3927 28477 7917 5614 ADVISORY ORG. FEES 3045669 ADMIN SERVICE CONTRACT 1238447 EQUIPMENT PURCHASES 10770 LICENSE AND FEES 1997 4361610 302318 399570 162558 160671 1 0 1 1 1396657 1422111 1861534 1982353 0 0 X 1861534 1982353 1861534 1982353 1861534 1982353 146890 -26071 0 X X 0 1 X 0 0 0 1 0 1 1 1 US GOVERNMENT SECURITIES 817631 F CORPORATE DEBT SECURITIES 291056 F MUTUAL FUNDS 282749 F MUNICIPAL OBLIGATIONS 30675 F 1422111 X 4482429 -26071 -26071 4508500 0 4508500 4361610 0 4361610 0 4361610 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 RECOGNIZES THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION AFTER AN AUDIT BASED ON THE TECHNICAL MERITS OF THE POSITION. THE BUREAU HAS NOT IDENTIFIED ANY UNCERTAIN POSITIONS IN FILED TAX RETURNS THAT REQUIRE DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. 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.