{"data":{"id":"us-hi/haw.-rev.-stat.-431-3-205","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 431:3-205","heading":"Funds required of new insurers.","body":"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:\n\n(1) Deposit in a federally insured financial institution within the State, paid-up capital stock in the case of a stock insurer, or unimpaired surplus if:\n\n(A) A reciprocal insurer; or\n\n(B) A mutual insurer that does not seek to qualify upon the basis of applications and premiums collected as provided in sections 431:4-303 to 431:4-307,\n\nin an amount not less than shown in the applicable Schedule \"A\";\n\n(2) Maintain this deposit at all times while the insurer is licensed and transacting insurance in this State; and\n\n(3) Secure the approval of the commissioner before making withdrawals from the depository.\n\nSchedule \"A\"\n\nClass of Insurance Amount Required\n\nLife $ 600,000\n\nAccident and Health or Sickness 450,000\n\nProperty 750,000\n\nMarine and Transportation 1,000,000\n\nVehicle 1,000,000\n\nGeneral Casualty 1,500,000\n\nSurety 1,000,000\n\nTitle 400,000.","path":["Hawaii Code","Division 2","Title 24","Chapter 431"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol09_Ch0431-0435H/HRS0431/HRS_0431-0003-0205.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"3f9a97a938223d8a5681058c12f057a0700a3fe0f75cc4c57bcb220a52d2d4f1","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-431-3-204","next":"us-hi/haw.-rev.-stat.-431-3-206"},"notice":"GroundRules: Original legal text. Not legal advice."}