(a) Each title insurer may engage in the title insurance business in this State if licensed to do so by the commissioner.

Terms Used In Hawaii Revised Statutes 431:20-105

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(b) Each domestic title insurer may issue policies and may also insure:

(1) The identity, due execution, and validity of any note or bond secured by mortgage;
(2) The identity, due execution, validity, recording of any such mortgage; and
(3) The identity, due execution, and validity of evidences of indebtedness issued by this State, by any political subdivision or district therein, or by any private or public corporation.
  Previous
Next  
 Article 20 Contents