HRS §431:7-310
Voluntary extra deposit to cover value changes
An insurance company can put extra money or securities with the state, up to a limit, to protect against value changes and make it easier to swap required securities. While the company is solvent, it can get this extra deposit back on request. If the company becomes insolvent, the extra deposit is released only under a different rule.
The statute, as written — Voluntary excess deposit
An insurer may deposit and maintain on deposit with the director of finance through the commissioner funds and eligible securities in amount exceeding its required deposit under this part by not more than $100,000 for the purpose of absorbing fluctuations in the value of securities held in its required deposit, and to facilitate the exchange and substitution of such required securities. During the solvency of the insurer, any such excess deposit, or any part thereof, shall be released to it upon its request. During the insolvency of the insurer, such excess deposit shall be released only as provided in section 431:7-309.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.