§431:19-307 - Delinquency of sponsored captive insurance companies. - Hawaii Statutes

     [§431:19-307]  Delinquency of sponsored captive insurance companies.  In the case of a sponsored captive insurance company, article 15 shall apply; provided that:

     (1)  The assets of a protected cell may not be used to pay any expenses or claims other than those attributable to the protected cells; and

     (2)  Its capital and surplus shall at all times be available to pay any expenses of or claims against the sponsored captive insurance company. [L 2008, c 190, pt of §1]