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Current as of January 01, 2025 | Updated by Findlaw Staff
To apply for a solicitation permit a person shall:
(1) File with the commissioner a request showing:
(A) Name, type and purpose of insurer or corporation proposed to be formed;
(B) Names, addresses and business records of each person associated or to be associated with in the formation of the proposed insurer or corporation;
(C) Full disclosure of the terms of all understandings and agreements existing or proposed among persons so associated relative to the proposed insurer or corporation or the formation thereof;
(D) The plan according to which solicitations are to be made;
(E) Such additional information as the commissioner may reasonably require.
(2) File with the commissioner:
(A)(i) The articles of incorporation, or
(ii) The proposed subscribers' agreement and power of attorney, if the proposed insurer is a reciprocal;
(B) Original and one copy of any proposed bylaws;
(C) Copy of any security proposed to be issued and copy of application or subscription agreement therefor;
(D) Copy of any insurance contract proposed to be offered and copy of application therefor;
(E) Copy of any prospectus, advertising or literature proposed to be used;
(F) Copy of proposed form of any escrow agreement required.
(3) Deposit with the commissioner the appropriate fees required by this code.
Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 431:4-108 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-431-4-108/
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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