2014 Hawaii Revised Statutes
TITLE 24. INSURANCE
431. Insurance Code
431:21-101 Purpose.

HI Rev Stat § 431:21-101 (2014) What's This?

Cross References

Hawaii hurricane relief fund, see chapter 431P.

§431:21-101 Purpose. The purpose of this article is to establish the Hawaii Property Insurance Association to:

(1) Assure stability in the property insurance market for property located in the State;

(2) Assure the availability of basic property insurance as defined by this article; and

(3) Provide for the equitable distribution among member insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the authorized insurers. [L 1991, c 284, pt of §2]

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