Haw. Rev. Stat. § 431:21-101

Current through Act 27 of the 2024 Legislative Session

Section 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.

HRS § 431:21-101

L 1991, c 284, pt of §2