HRS §432:2-501
Rules for how a society can invest its money
This section says a society must invest its money only in ways that state law allows for life insurers. A foreign or alien society that follows the investment rules of its home state or country is considered to meet this requirement.
businesses
The statute, as written — Investments
A society shall invest its funds only in such investments as are authorized by the laws of this State for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this State which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds.
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