HRS §431:4-108
How to apply for a solicitation permit
This section explains what a person must do to apply for a solicitation permit. It lists the documents and information to file with the insurance commissioner, including details about the company, its people, plans, and proposed contracts. You must also pay the required fees.
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The statute, as written — Application for a solicitation permit
To apply for a solicitation permit a person shall: (1) File with the commissioner a request showing: (A) Name, type and purpose of insurer or corporation proposed to be formed; (B) Names, addresses and business records of each person associated or to be associated with in the formation of the proposed insurer or corporation; (C) Full disclosure of the terms of all understandings and agreements existing or proposed among persons so associated relative to the proposed insurer or corporation or the formation thereof; (D) The plan according to which solicitations are to be made; (E) Such additional information as the commissioner may reasonably require. (2) File with the commissioner: (A) (i) The articles of incorporation, or (ii) The proposed subscribers' agreement and power of attorney, if the proposed insurer is a reciprocal; (B) Original and one copy of any proposed bylaws; (C) Copy of any security proposed to be issued and copy of application or subscription agreement therefor; (D) Copy of any insurance contract proposed to be offered and copy of application therefor; (E) Copy of any prospectus, advertising or literature proposed to be used; (F) Copy of proposed form of any escrow agreement required. (3) Deposit with the commissioner the appropriate fees required by this code.
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