Haw. Rev. Stat. § 431:8-306

Current through Act 47 of the 2024 Legislative Session

Section 431:8-306 - Signature of broker and special endorsement of surplus lines policy

Every insurance contract procured and delivered as a surplus lines coverage pursuant to this part, including any evidence of insurance other than a policy, shall:

(1) Bear the name and address of the surplus lines broker who procured it, and

(2) Have stamped or written conspicuously upon the first page of the contract the following:

"This insurance contract is issued by an insurer which is not licensed by the State of Hawaii and is not subject to its regulation or examination. If the insurer is found insolvent, claims under this contract are not covered by any guaranty fund of the State of Hawaii."

HRS § 431:8-306

L 1987, c 347, pt of §2