HRS §431:4-307
Requirements for a mutual health insurer to get a license
Read the official text at capitol.hawaii.gov ↗This section explains what a domestic mutual accident and health or sickness insurer must do to get a certificate of authority. It must have a certain number of applications, collect premiums, and have a minimum surplus. There is also an alternative option with a higher surplus requirement.
businesses
The statute, as written — Mutual accident and health or sickness insurer
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) When applying for a certificate of authority, a domestic mutual accident and health or sickness insurer shall: (1) Have at least five hundred applications from at least five hundred persons for individual accident and health or sickness insurance providing not more than $1,000 of accidental death benefit and not more than $25 of weekly indemnity for each applicant; (2) Have collected from each applicant the proper premium for one year, and have so received from all applicants premiums aggregating at least $25,000; and (3) Have a surplus over all liabilities, as at completion of issuance of the insurance contracts so applied for, amounting to not less than $450,000. (b) In lieu of the applications, premiums, and surplus, it is required to have a surplus amounting to not less than $675,000 over all liabilities.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.