A mutual insurer means an incorporated insurer without capital stock, the governing body of which is elected by its policyholders. The policyholders, who are the insurer's owners, are known as members.
Haw. Rev. Stat. § 431:3-106
Mutual insurer
Known as the Insurance Code
The act spans §§ 431–431 (1,434 sections).
L 1987, c 347, pt of §2
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.