HRS §431:19-305
Who can join a sponsored captive insurance company
Read the official text at capitol.hawaii.gov ↗This section says which types of businesses can join a sponsored captive insurance company. It also says a sponsor can join, a participant does not have to own shares, and a participant can only insure its own risks.
businesses
The statute, as written — Participants in sponsored captive insurance companies
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) Associations, corporations, limited liability companies, partnerships, trusts, risk retention groups, and other business entities may be participants in any sponsored captive insurance company formed or licensed under this chapter. (b) A sponsor of a sponsored captive insurance company may be a participant. (c) A participant need not be a shareholder or member of the sponsored captive insurance company or any affiliate thereof. (d) A participant shall insure only its own risks through a sponsored captive insurance company.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.