HRS §432C-6
What happens to a company after it converts
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
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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.