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Haw. Rev. Stat. § 431:19-307

Delinquency of sponsored captive insurance companies

Known as the Insurance Code

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

L 2008, c 190, pt of §1

In the case of a sponsored captive insurance company, article 15 shall apply; provided that:

(1) The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to the protected cells; and

(2) Its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company.

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