HRS §432:1-503
State can close an insurance society without warning
If the insurance commissioner finds a society is insolvent or thinks it is needed to protect members or the public, the commissioner can immediately close the society's doors without notice and take over its books, assets, and affairs until a receiver is appointed by law.
The statute, as written — Closing of doors without notice
If, upon the examination of any society, it is found to be insolvent, or if it is deemed necessary by the commissioner for the protection of the interests of its members or the public, the commissioner may at once close the doors of the society without any notice and take charge of the books, assets and affairs of the society until the appointment of a receiver as provided by law.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.