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Hawaii Revised Statutes > Division 3 > Title 28 > Chapter 514E > § 514E-23. Requirements for trustees

     (1)  The trustee must be a bank, savings and loan association, or a trust company meeting the requirements of any rules adopted by the director pursuant to chapter 91.

     (2)  The trustee must at all times:

         (A)  Maintain fidelity bonds in a form approved by the director in such amounts and providing coverage as required by rules adopted by the director pursuant to chapter 91; and

         (B)  Maintain a policy of errors and omissions insurance in a form approved by the director in such amounts and providing coverage as required by rules adopted by the director pursuant to chapter 91.

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