HRS §431:4-107
Permit needed before collecting money to start an insurance company
Read the official text at capitol.hawaii.gov ↗Before you can advertise, ask for money, or collect funds to start certain insurance-related businesses in Hawaii, you must get a solicitation permit from the insurance commissioner. Breaking this rule can lead to a fine or jail time.
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The statute, as written — Solicitation permit required
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) No person forming or proposing to form in this State any of the following shall advertise, solicit or receive any funds, agreement, stock subscription or membership on account thereof, unless the person has applied for and has received from the commissioner a solicitation permit: (1) An insurer, (2) An insurance holding corporation, (3) A stock corporation to finance an insurer or insurance production, or (4) A corporation to manage an insurer. (b) Any person violating this section shall be fined not more than $10,000 or imprisoned not more than ten years, or both.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.