HRS §432:1-402
Investments of certain mutual benefit societies
Read the official text at capitol.hawaii.gov ↗This section says that a Hawaii mutual benefit society that promises to pay $25 or more in benefits must invest its money only in the ways allowed for domestic insurance companies under the insurance code. It does not create new rules, just applies existing investment rules to these societies.
businesses
The statute, as written — Investments of certain mutual benefit societies
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.
No domestic mutual benefit society promising or offering to pay death, sick, disability, or other benefits in an amount equal to or in excess of $25 shall invest any of its assets other than as authorized and provided for in respect to domestic insurance companies and societies under the provisions of article 6 of the insurance code, which provisions are hereby extended to and made applicable to the mutual benefit societies.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.