Which statement regarding workers compensation coverage in Hawaii is accurate?

In Hawaii, workers compensation coverage can indeed be purchased from authorized insurance carriers, or employers can opt to be self-insured if they meet certain conditions set by the state. This flexibility allows businesses to choose the option that best fits their needs and financial situation. Self-insurance is an option for those employers who have sufficient financial resources and can demonstrate the ability to cover any workers' compensation liabilities.

The other statements do not provide a complete and accurate depiction of the workers' compensation landscape in Hawaii. While Hawaiian law requires that employers provide workers' compensation coverage, they are not limited to purchasing it exclusively from the state fund or insurers based solely in Hawaii. Thus, the ability to use both authorized insurance carriers and the option of self-insurance distinguishes the correct answer as accurate in describing the variety of coverage options available under Hawaii's workers compensation laws.