§432:1-401 - Benefit funds. - Hawaii Statutes

PART IV.  FINANCIAL AND REPORTING REQUIREMENTS

 

     §432:1-401  Benefit funds.  Each society shall at all times maintain:

     (1)  In its death benefit fund, at least five times the maximum amount of death benefit offered or promised to be paid to any one member, and

     (2)  In its sick, disability or other benefit fund, at least twenty times the maximum amount of sick, disability or other benefits, whichever maximum amount is greater, offered or promised to be paid to any one member during or within a period of thirty days. [L 1987, c 347, pt of §2]