HRS §431:4-122
Where an insurance company may keep its money
Read the official text at capitol.hawaii.gov ↗This section says an insurance company can only put its money in a bank that its board of directors (or a board-appointed committee) has officially approved first. It is a narrow rule about choosing a bank.
businesses
The statute, as written — Depositaries
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.
The funds of a domestic insurer shall not be deposited in any bank or banking institution which has not first been approved as a depositary by the insurer's board of directors or by a committee designated for the purpose.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.