(a) Each title insurer may engage in the title insurance business in this State if licensed to do so by the commissioner.
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Terms Used In Hawaii Revised Statutes 431:20-105

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(b) Each domestic title insurer may issue policies and may also insure:

(1) The identity, due execution, and validity of any note or bond secured by mortgage;
(2) The identity, due execution, validity, recording of any such mortgage; and
(3) The identity, due execution, and validity of evidences of indebtedness issued by this State, by any political subdivision or district therein, or by any private or public corporation.
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