Haw. Rev. Stat. § 431:4-307: Mutual accident and health or sickness insurer.

(a) When applying for a certificate of authority, a domestic mutual accident and health or sickness insurer shall:

(1) Have at least five hundred applications from at least five hundred persons for individual accident and health or sickness insurance providing not more than $1,000 of accidental death benefit and not more than $25 of weekly indemnity for each applicant;

(2) Have collected from each applicant the proper premium for one year, and have so received from all applicants premiums aggregating at least $25,000; and

(3) Have a surplus over all liabilities, as at completion of issuance of the insurance contracts so applied for, amounting to not less than $450,000.

(b) In lieu of the applications, premiums, and surplus, it is required to have a surplus amounting to not less than $675,000 over all liabilities.