Hawaii Revised Statutes 431:3-205 – Funds required of new insurers
Current as of: 2024 | Check for updates
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Subject to section 431:3-203(a)(2), to qualify to transact any one class of insurance, an insurer, not existing and authorized in this State on July 1, 1988, shall:
in an amount not less than shown in the applicable Schedule “A”;
Schedule “A” |
|
Class of Insurance |
Amount Required |
Life |
$ 600,000 |
Accident and Health or Sickness |
450,000 |
Property |
750,000 |
Marine and Transportation |
1,000,000 |
Vehicle |
1,000,000 |
General Casualty |
1,500,000 |
Surety |
1,000,000 |
Title |
400,000. |