{"data":{"id":"us-hi/haw.-rev.-stat.-431-4-304","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 431:4-304","heading":"Mutual casualty insurer.","body":"(a) When applying for a certificate of authority a domestic mutual insurer proposing to transact casualty insurance, including vehicle insurance, must:\n\n(1) Have applications for the insurance in a reasonable amount from at least two hundred and fifty persons covering not less than five hundred separate risks; and\n\n(2) Have collected from each applicant the proper premium for a term of not less than one year at a rate filed with and approved by the commissioner; and\n\n(3) Have a surplus over all liabilities, as at completion of issuance of the insurance contracts so applied for, amounting to not less than $1,500,000.\n\n(b) In lieu of the applications, premiums, and surplus, it is required to have a surplus amounting to not less than $2,250,000 over all liabilities.","path":["Hawaii Code","Division 2","Title 24","Chapter 431"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol09_Ch0431-0435H/HRS0431/HRS_0431-0004-0304.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"087796eadb2f88339248250cead1cdc31f7f25cc9c1d50d929bce4257b8ca2d5","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-431-4-303","next":"us-hi/haw.-rev.-stat.-431-4-305"},"notice":"GroundRules: Original legal text. Not legal advice."}