Hawaii Revised Statutes 431:10G-103 – Motorcycle or motor scooter self-insurance

The motorcycle or motor scooter insurance required by § 431:10G-102 may be satisfied by any owner of a motorcycle or motor scooter if:

(1) Such owner provides proof of qualifications as a self-insurer, and a surety bond or other securities affording security substantially equivalent to that afforded under a policy meeting the requirements of § 431:10G-301 and providing coverage at all times for the entire motorcycle or motor scooter registration period, as determined and approved by the commissioner under rules; and

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Terms Used In Hawaii Revised Statutes 431:10G-103

Injury: means accidental harm not resulting in death. See Hawaii Revised Statutes 431:10G-101
Motor scooter: has the meaning prescribed by § 286-2. See Hawaii Revised Statutes 431:10G-101
Motorcycle: has the meaning prescribed by § 286-2. See Hawaii Revised Statutes 431:10G-101
Owner: means a person who holds the legal title to a motorcycle or motor scooter; except that when a motorcycle or motor scooter is the subject of a security agreement or lease with a term of not less than one year, with the debtor or lessee having the right of possession, the term owner shall mean the debtor or lessee. See Hawaii Revised Statutes 431:10G-101

(2) The commissioner is satisfied that in case of injury, death, or property damage, any claimant would have the same rights against such owner as the claimant would have had if a policy meeting the requirements of § 431:10G-301 had been applicable to such motorcycle or motor scooter.

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Hawaii Revised Statutes 431:10G-103 – Motorcycle or motor scooter self-insurance

Terms Used In Hawaii Revised Statutes 431:10G-103

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