HRS §435E-11
Trust agreement required for each member
Each participating member must sign a trust agreement and get a signed copy. This agreement controls how all funds of the interindemnity arrangement are collected and used. The agreement must meet all requirements of this part.
The statute, as written — Trust agreement, required
(a) Each participating member shall enter into and, concurrently therewith, receive an executed copy of a trust agreement, which shall govern the collection and disposition of all funds of the interindemnity arrangement. (b) The trust agreement shall, as a minimum, provide for meeting all requirements of this part.
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