Hawaii Revised Statutes 432:1-402 – Investments of certain mutual benefit societies
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Terms Used In Hawaii Revised Statutes 432:1-402
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Society: means mutual benefit society. See Hawaii Revised Statutes 432:1-406
No domestic mutual benefit society promising or offering to pay death, sick, disability, or other benefits in an amount equal to or in excess of $25 shall invest any of its assets other than as authorized and provided for in respect to domestic insurance companies and societies under the provisions of article 6 of the insurance code, which provisions are hereby extended to and made applicable to the mutual benefit societies.