Hawaii Revised Statutes 449-13 – Cancellation of bonds or insurance; withdrawal of deposits
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Terms Used In Hawaii Revised Statutes 449-13
- Commissioner: means the commissioner of financial institutions of this State. See Hawaii Revised Statutes 449-1
None of the bonds or insurance or deposits in lieu thereof required by this chapter shall be canceled or withdrawn as to future accruing liability except upon prior written notice to the commissioner: sixty days’ notice for the bonds or deposits, and thirty days’ notice for the insurance. The license of any licensee shall be suspended upon cancellation of any bond or insurance or upon withdrawal of any deposit in lieu thereof.