HRS §431:20-110
How title insurers can value their materials and plant
Read the official text at capitol.hawaii.gov ↗A domestic title insurer can buy or prepare materials and plant needed for its business after meeting capital and guarantee fund requirements. In official reports, it can value these as an asset at cost up to a limit, at a lower estimated value, or leave them out entirely.
The statute, as written — Purchase of materials and plant; valuation
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.
Any domestic title insurer, after having its required capital paid in and depositing its required guarantee fund with the commissioner, may invest its funds in the preparation and purchase of materials and plant necessary to enable it to engage in the title insurance business. In all statements and proceedings required by law for the ascertainment and determination of the condition of such insurer, the materials and plant shall be treated in one of the following ways: (1) They may be treated as an asset, valued at actual cost to the insurer not to exceed fifty per cent of the aggregate par value of the shares of the insurer's capital stock then issued, outstanding, and apportioned to its title insurance department, including treasury shares. (2) They may be treated as an asset, at such lesser value than that permitted by item (1) as the insurer estimates. (3) They may be omitted entirely from the statement or proceeding.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.