HRS §431:4-316
Deadline for suing over officer pay
This section sets a time limit for suing a domestic mutual insurer over unpaid salary or compensation owed to an officer or director. You must start the lawsuit within twelve months after the pay first becomes due. After that, the claim is barred.
The statute, as written — Actions on officers' salaries
No action to recover, or no action on account of, any salary or other compensation due or claimed to be due any officer or director of a domestic mutual insurer, or on any note or agreement relative thereto, shall be brought against the insurer later than twelve months after the date on which the salary or compensation, or any installment thereof, first accrued.
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