HRS §432C-6

What happens to a company after it converts

Read the official text at capitol.hawaii.gov ↗

After a company converts from a mutual benefit society to a for-profit entity, it is no longer covered by this chapter. However, if the new company is a stock insurance company, it must follow the rules in title 24.

businesses

The statute, as written — For-profit entity; after conversion

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.

After conversion, the for-profit entity shall not be subject to this chapter, but if a stock insurance company, shall be in conformance with title 24.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.