HRS §431:19-206
How a special purpose financial captive insurance company can be formed
Read the official text at capitol.hawaii.gov ↗This section explains how a special purpose financial captive insurance company can be set up. It can be formed as one of several business types, but its official documents must limit its insurance activities to only what it needs to do for its stated purpose.
businesses
The statute, as written — Formation
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) A special purpose financial captive insurance company may be incorporated as a stock corporation, limited liability company, mutual association, partnership, or other form of organization approved by the commissioner. (b) A special purpose financial captive insurance company's organizational documents shall limit the special purpose financial captive insurance company's authority to transact the business of insurance or reinsurance to those activities that the special purpose financial captive insurance company conducts to accomplish its purposes as expressed in this part.
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