HRS §435E-29
How members can end the shared insurance agreement
This section says the shared insurance agreement and its reserve trust fund can be ended at any time if at least three-fourths of the participating members vote for it or agree in writing.
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The statute, as written — Termination
The interindemnity arrangement, and the reserve trust fund incident thereto, shall be subject to termination at any time by the vote or written consent of not less than three-fourths of the participating members.
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