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Haw. Rev. Stat. § 431:16-113

Prevention of insolvencies

Known as the Insurance Code

The act spans §§ 431–431 (1,434 sections).

L 1987, c 347, pt of §2; am L 2000, c 93, §12

To aid in the detection and prevention of insurer insolvencies:

(1) The board of directors, upon majority vote, may make recommendations to the commissioner on matters generally related to improving or enhancing regulation for solvency; and

(2) At the conclusion of any domestic insurer insolvency in which the association was obligated to pay covered claims, the board of directors may prepare a report on the history and causes of the insolvency, based on the information available to the association, and submit the report to the commissioner.

Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.