HRS § 431-14A-113 - Annual accounting; dividends
The company must do an annual accounting of incurred losses and expenses. The board may declare and allocate reasonable dividends to policyholders, but only with actuarial support and solvency review, and dividends cannot be unfairly discriminatory, contingent on renewal premiums, or paid in the company’s first three y
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- Jurisdiction
- United States — Hawaii
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Updated
- Official source
- View official record ↗
Statute overview
About this statute
The company must do an annual accounting of incurred losses and expenses. The board may declare and allocate reasonable dividends to policyholders, but only with actuarial support and solvency review, and dividends cannot be unfairly discriminatory, contingent on renewal premiums, or paid in the company’s first three years.
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HRS § 431-14A-113 - Annual accounting; dividends
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