{"data":{"id":"us-hi/haw.-rev.-stat.-449-12","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 449-12","heading":"Errors and omissions insurance or other security devices.","body":"[See Note below.] A licensed escrow depository shall at all times either:\n\n(1) Maintain a policy of errors and omissions insurance executed by an insurer authorized to do business in the State in an amount not less than $250,000; provided that any policy which is subject to a deductible thereunder in excess of $100,000, per occurrence, shall require the prior approval of the commissioner, who may take into consideration, among other factors, the amount of the proposed coverage; or\n\n(2) Deposit an equivalent amount of cash or other security device under such terms and conditions as are acceptable to the commissioner.","path":["HI Code","Division 2","Title 25","Chapter 449"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol10_Ch0436-0474/HRS0449/HRS_0449-0012.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"cccaeb6ad4c3f036f8749f7c84770ccb2757e2cfc63484e6877eee17e6232e96","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-449-11","next":"us-hi/haw.-rev.-stat.-449-13"},"notice":"GroundRules: Original legal text. Not legal advice."}