HRS §431:19-301
How a sponsored captive insurance company is formed
Read the official text at capitol.hawaii.gov ↗One or more sponsors can start a sponsored captive insurance company under this law. The company must be set up as a stock insurer, a nonprofit corporation, or a limited liability company. This section only covers the basic formation rules.
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) One or more sponsors may form a sponsored captive insurance company under this part. In addition to the general provisions of this article, the provisions of this part shall apply to sponsored captive insurance companies. (b) A sponsored captive insurance company shall be incorporated as a stock insurer with its capital divided into shares and held by the stockholders, as a nonprofit corporation with one or more members, or as a member-managed or manager-managed limited liability company.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.