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2014 Hawaii Revised Statutes
TITLE 24. INSURANCE
431. Insurance Code
431:4-313 Directors.

HI Rev Stat § 431:4-313 (2014) What's This?

§431:4-313 Directors. (a) No individual shall be a director of a domestic mutual insurer by reason of the individual's holding public office (i.e. ex officio).

(b) An individual is disqualified from being or acting as a director if such person:

(1) Is adjudged as a bankrupt;

(2) Took the benefit of any insolvency law; or

(3) Made a general assignment for the benefit of creditors. [L 1987, c 347, pt of §2]

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