HRS §431:7-306
Choosing a bank to hold insurer deposits
Read the official text at capitol.hawaii.gov ↗When an insurance company asks, the finance director can pick a U.S.-based trust company or bank with trust powers to hold the insurer's deposit. The insurer pays for this service.
financial institutions
The statute, as written — Director may designate depositary
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.
At the request of an insurer, the director of finance may designate any solvent trust company or other solvent financial institution having trust powers, domiciled in the United States, as the director's depositary to receive and hold any such deposit. Any deposit so held shall be at the expense of the insurer.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.