HRS §431:19-201
Why this law exists for special insurance companies
Read the official text at capitol.hawaii.gov ↗This part of the law creates special insurance companies that exist only to turn insurance risks into investments, helping them raise money from new sources. The goal is to make this process easier and more efficient, and to help the state's economy grow.
businessesfinancial institutions
The statute, as written — Purpose
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.
This part provides for the creation of special purpose financial captive insurance companies for the exclusive purpose of facilitating the securitization of one or more risks as a means of accessing alternative sources of capital and achieving the benefits of securitization. This part intends to allow the organizers of special purpose financial captive insurance companies to achieve greater efficiencies in structuring and executing insurance securitization, to diversify and broaden access to sources of capital, to facilitate access to insurance securitization and capital markets financing technology, and to further the economic development opportunities of the State.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.