HRS §414D-166
When a corporation can buy insurance for its people
This section lets a corporation buy insurance to protect its directors, officers, employees, or agents against lawsuits or claims related to their work for the corporation. This includes people serving other organizations at the corporation's request. The insurance can cover them even if the corporation could not legally pay for their losses itself.
employees
The statute, as written — Insurance
A corporation may purchase and maintain insurance on behalf of an individual who is or was a director, officer, employee, or agent of the corporation, or who, while a director, officer, employee, or agent of the corporation, is or was serving at the request of the corporation as a director, officer, partner, trustee, employee, or agent of another foreign or domestic business or nonprofit corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise, against liability asserted against or incurred by the individual in that capacity or arising from the individual's status as a director, officer, employee, or agent, whether or not the corporation would have power to indemnify the person against the same liability under section 414D-160 or 414D-161.
Sections this one refers to
§414D-160 When a company can pay a director's legal costs
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