HRS §431:3-106
What a mutual insurer is
Read the official text at capitol.hawaii.gov ↗A mutual insurer is a type of insurance company that has no shareholders. Instead, the people who buy policies from it are its owners and are called members. These members elect the company's board of directors.
The statute, as written — Mutual insurer
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 mutual insurer means an incorporated insurer without capital stock, the governing body of which is elected by its policyholders. The policyholders, who are the insurer's owners, are known as members.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.