§431:16-106 Creation of association. There is created a nonprofit unincorporated legal entity to be known as the Hawaii insurance guaranty association. All insurers defined as member insurers in section 431:16-105 shall be and remain members of the association as a condition of their authority to transact the business of insurance in this State. The association shall perform its function under a plan of operation established and approved under section 431:16-109 and shall exercise its powers through a board of directors established under section 431:16-107. [L 1987, c 347, pt of §2; am L 2000, c 93, §5]
Section: Previous 431-15-410 431-15-411 431-16-101 431-16-102 431-16-103 431-16-104 431-16-105 431-16-106 431-16-107 431-16-108 431-16-109 431-16-110 431-16-111 431-16-112 431-16-113 NextLast modified: October 27, 2016