SB706 amends Hawaii insurance laws to expand the duties and powers of the insurance association.
SB706 amends Hawaii Revised Statutes to enhance the duties and powers of the insurance association. The association is now required to formulate and administer a plan of operation to insure persons with an insurable interest in real or tangible personal property, including commercial risks. It must also employ or retain personnel, contract with member insurers, sue or be sued, borrow funds, and collect statistical information.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.