HRS §431:4-313
Who cannot be a director of a mutual insurer
Read the official text at capitol.hawaii.gov ↗This section says that holding a public office does not automatically make someone a director of a domestic mutual insurer. It also lists three situations that disqualify a person from being or acting as a director: being declared bankrupt, using an insolvency law, or making a general assignment for creditors.
The statute, as written — Directors
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 individual shall be a director of a domestic mutual insurer by reason of the individual's holding public office (i.e. ex officio). (b) An individual is disqualified from being or acting as a director if such person: (1) Is adjudged as a bankrupt; (2) Took the benefit of any insolvency law; or (3) Made a general assignment for the benefit of creditors.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.