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HRS §431:4-319

Mutual insurer's member assessment is not an asset

This section says that for a domestic mutual insurance company, the possibility that members might have to pay extra money later (a contingent liability) cannot be counted as an asset when checking the company's financial health.

The statute, as written — Contingent liability as asset

Any contingent liability to assessment of members of a domestic mutual insurer does not constitute an asset of the insurer in any determination of its financial condition.
Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.