HRS §431:20-109
Extra time to meet higher financial requirements
This section gives title insurers extra time to meet higher capital, surplus, or deposit requirements that took effect on July 1, 1988. If the new rules demand more than before, the insurer has three years from that date to comply. It only covers that specific transition period.
businesses
The statute, as written — Limitations on compliance with section 431:20-107 and section 431:20-108
If section 431:20-107 or section 431:20-108 requires a greater amount of capital and surplus or deposits than that required of a title insurer prior to July 1, 1988, such title insurer shall have three years after July 1, 1988, to comply with any such increase requirement.
Sections this one refers to
§431:20-107 Minimum capital required for title insurers
§431:20-108 Title insurer guarantee fund
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