HRS §431:21-118
Status of association policies
This section says that financial institutions must treat a policy from the association just like a policy from a regular insurance company licensed in Hawaii. It is a short rule about how these policies are viewed.
financial institutions
The statute, as written — Status of association policies
All financial institutions shall consider a policy issued by the association to be the same as a similar policy issued by an insurer authorized to transact insurance in this State.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.