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2013 Hawaii Revised Statutes
TITLE 24. INSURANCE
431. Insurance Code
431:19-305 Participants in sponsored captive insurance companies.


HI Rev Stat § 431:19-305 (2013) What's This?

§431:19-305 Participants in sponsored captive insurance companies. (a) Associations, corporations, limited liability companies, partnerships, trusts, and other business entities may be participants in any sponsored captive insurance company formed or licensed under this chapter.

(b) A sponsor of a sponsored captive insurance company may be a participant.

(c) A participant need not be a shareholder or member of the sponsored captive insurance company or any affiliate thereof.

(d) A participant shall insure only its own risks through a sponsored captive insurance company. [L 2008, c 190, pt of §1]

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