HRS §431:4-202
How an insurance company can increase its capital stock
Read the official text at capitol.hawaii.gov ↗This section explains the two ways a domestic stock insurance company can increase its capital stock. It must follow certain rules, and the increase only takes effect when the new capital is fully paid in cash. If the increase is a stock dividend, it can be paid from surplus funds by a book transfer.
businesses
The statute, as written — Increase of capital
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) A domestic stock insurer may increase its capital stock by complying with section 414-281 and section 431:4-120. The increase in capital shall be effective upon the payment of the increased capital in full in cash. (b) If the increased capital stock is to be distributed as stock dividend, the increased capital stock may be fully paid in out of any available surplus funds as is provided in section 431:4-204, and the payment shall be effected by a transfer on the insurer's books from its surplus account to its capital account.
Sections this one refers to
§414-281 When and how a corporation can change its articles
§431:4-204 Rules for paying dividends to insurance company stockholders
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