§431:21-101 - Purpose. - Hawaii Statutes

ARTICLE 21

HAWAII PROPERTY INSURANCE ASSOCIATION

 

Cross References

 

  Hawaii hurricane relief fund, see chapter 431P.

 

     [§431:21-101]  Purpose.  The purpose of this article is to establish the Hawaii Property Insurance Association to:

     (1)  Assure stability in the property insurance market for property located in the State;

     (2)  Assure the availability of basic property insurance as defined by this article; and

     (3)  Provide for the equitable distribution among member insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the authorized insurers. [L 1991, c 284, pt of §2]