HRS §431:4-320
Putting a lien on reserves for unpaid life insurance assessments
Read the official text at capitol.hawaii.gov ↗If a life insurance policyholder does not pay an assessment after being notified and given a reasonable time, the insurer may, with the commissioner's approval, place a lien on the policyholder's reserves to secure the unpaid amount.
The statute, as written — Lien on reserves
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.
As to life insurance, any portion of an assessment of contingent liability upon a policyholder which remains unpaid following notice of such assessment, demand for payment, and lapse of a reasonable waiting period as specified in such notice, may, if approved by the commissioner, be secured by placing a lien on the reserves held by the insurer to the credit of the policyholder.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.