Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions to its surplus made as provided in section 431:4-422, and the return of any unused deposits, savings, or credits, shall be distributed to its subscribers who were such within the twelve months prior to such formula as may have been approved by the commissioner.
Haw. Rev. Stat. § 431:4-424
Subscriber's share of assets
Known as the Insurance Code
The act spans §§ 431:10-101 to 431:9N-104 (1,434 sections).
Applied in 1 court decision — leading case 328 N.J. Super. 344 - In Re Reorganization of Medical Inter-Insurance Exchange of New Jersey (2000)
Most recently applied in 328 N.J. Super. 344 - In Re Reorganization of Medical Inter-Insurance Exchange of New Jersey (February 2000)
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.