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Hawaii Revised Statutes Division 2. Business § 431:4-107

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) No person forming or proposing to form in this State any of the following shall advertise, solicit or receive any funds, agreement, stock subscription or membership on account thereof, unless the person has applied for and has received from the commissioner a solicitation permit:

(1) An insurer,

(2) An insurance holding corporation,

(3) A stock corporation to finance an insurer or insurance production, or

(4) A corporation to manage an insurer.

(b) Any person violating this section shall be fined not more than $10,000 or imprisoned not more than ten years, or both.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 431:4-107 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-431-4-107/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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