{"data":{"id":"us-hi/haw.-rev.-stat.-431-4-305","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 431:4-305","heading":"Mutual vehicle insurer.","body":"(a) When applying for a certificate of authority, a domestic mutual insurer formed to transact vehicle insurance must:\n\n(1) Have applications from at least two hundred persons for insurance covering at least five hundred separate vehicles, for a maximum of retained liability not in excess of $50,000 for any one accident or other liability; and\n\n(2) Have collected from each applicant the proper premium for insurance for one year according to its schedule of premium rates 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 $1,000,000.\n\n(b) In lieu of the applications, premiums, and surplus, it is required to have a surplus amounting to not less than $1,500,000 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_0431-0004-0305.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"325aa8041471eca2abdc4c105c54ad199bc8353a5105b3a36fe62113d76c46c6","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-431-4-304","next":"us-hi/haw.-rev.-stat.-431-4-306"},"notice":"GroundRules: Original legal text. Not legal advice."}