Hawaii Captive Law

Guide to Article 19

Visit the DCCA Hawaii Insurance Captive Website

For the full wording of Hawaii’s captive insurance law, please see HRS 431 Article 19.

Below we provide a summary of each section to assist with navigation of the site.

§431:19-101 Definitions

§431:19-101.2 Confidential treatment
§431:19-101.3 Repealed
§431:19-101.4 Service providers
§431:19-101.5 Captive insurance administrator
§431:19-101.6 Salary
§431:19-101.7 General powers and duties
§431:19-101.8 Captive insurance administrative fund

§431:19-102 Licensing; authority

§431:19-102.2 Personal lines insurance
§431:19-102.3 Redomestication; approval as a domestic captive insurer
§431:19-102.4 Redomestication; conversion to foreign insurer

§431:19-103 Names of companies

§431:19-104 Minimum capital and surplus; letter of credit, security

§431:19-105 Repealed

§431:19-106 Formation of captive insurance companies in this State

§431:19-106.3 Repealed
§431:19-106.5 Conversion or merger of captive insurers

§431:19-107 Financial statements and other reports

§431:19-108 Examinations and investigations

§431:19-109 Grounds and procedures for suspension and revocation of license

§431:19-110 Legal investments

§431:19-111 Reinsurance

§431:19-111.5 Class 5 companies

§431:19-112 Rating organizations; memberships

§431:19-113 Exemption from compulsory associations

§431:19-114 Rules

§431:19-115 Laws applicable

§431:19-115.5 Applicability of other laws to captive insurance companies writing motor vehicle insurance policies in this State
§431:19-115.6 Applicability of other laws to captive insurance companies writing credit life or other credit disability insurance policies

§431:19-116 Taxation

Captives in Hawaii are also regulated by the Hawaii Administrative Rules, and full details of these can be found here. 

Each year, we review our laws and, if considered appropriate, petition the legislature to make amendments that assist the growth of our captive industry.