HRS §431:10-229
Who gets insurance dividends and refunds
Read the official text at capitol.hawaii.gov ↗This section says who an insurer must pay dividends, unused premium refunds, or savings to on a participating policy. It names the real party in interest, someone assigned the right in writing, or someone named in the policy. It also explains when a person who paid the premium is treated as the real party, with some exceptions.
The statute, as written — Dividends payable to the real party
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
(a) Every insurer issuing participating policies, shall pay dividends, unused premium refunds, or savings distributed on account of any such policy, only to: (1) The real party in interest entitled thereto as shown by the insurer's records, or (2) Any person to whom the right thereto has been assigned in writing of record with the insurer, or (3) Any person to whom the right thereto has been given in the policy by the real party in interest. (b) Any person who is shown by the insurer's records to have paid for the person's own account, or to have been ultimately charged for, the premium for insurance provided by a policy in which another person is the nominal insured, shall be deemed the real party in interest proportionate to premium so paid or so charged. This subsection shall not apply as to any such dividend, refund or distribution which would amount to less than $1. (c) This section shall not apply to contracts of group life insurance, group annuities, or group disability insurance, nor to any policy which contains a provision specifying to whom the dividend shall be paid, nor to policies issued prior to January 1, 1956.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.