HRS §431:4-106
Rules for an insurance company's board of directors
This section sets basic rules for the board of directors of a Hawaii-based insurance company. The board must have at least five members, most must be U.S. citizens, and most must live in Hawaii.
businesses
The statute, as written — Board of directors
The board of directors of a domestic insurer shall consist of not less than five individuals, at least three-fourths of the individuals shall be United States citizens, and a majority of the individuals shall be residents of this State.
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