Haw. Rev. Stat. § 431:19-307

Current through Chapter 253 of the 2024 Legislative Session

Section 431:19-307 - Delinquency of sponsored captive insurance companies

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.

HRS § 431:19-307

L 2008, c 190, pt of §1 .