HRS §431:3-110
What a stock insurer is
A stock insurer is a company that is incorporated and has capital stock divided into shares. The shares are owned by stockholders, and the company's earnings are paid to them as dividends on their shares.
The statute, as written — Stock insurer
A stock insurer is an incorporated insurer with capital stock divided into shares and owned by its stockholders to whom the earnings are distributed as dividends on their shares.
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