HRS §431:4-102
What types of insurance companies can be formed in Hawaii
Read the official text at capitol.hawaii.gov ↗An insurance company created in Hawaii must be one of three types: a stock insurer, a mutual insurer that collects enough cash premiums upfront to cover its obligations, or a reciprocal insurer. Each type has its own powers, duties, and limits under the law.
businesses
The statute, as written — Types of insurers permitted
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.
An insurer formed in this State shall be either: (1) An incorporated stock insurer, (2) An incorporated mutual insurer which charges for and collects in advance cash premiums in an amount adequate to maintain full legal reserves and to fully meet and discharge all of its obligations and liabilities under its policies without assessments or calls upon its members for additional premium, except as provided in this article relative to the contingent liability of its members, or (3) A reciprocal insurer, with respective powers, duties and restrictions as provided in this article.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.