(a) The commissioner shall revoke a solicitation permit if requested in writing by:

Terms Used In Hawaii Revised Statutes 431:4-114

  • 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.
(1) A majority of the incorporators and at least two-thirds of the subscribers to stock or applicants for insurance in the proposed incorporated insurer or corporation; or
(2) A majority of the subscribers of a proposed reciprocal insurer.
(b) The commissioner may, for cause, modify a solicitation permit, or may, after a hearing, revoke any solicitation permit for:

(1) Violation of this code;
(2) Violation of the terms of the permit;
(3) Violation of any proper order of the commissioner; or
(4) Misrepresentation.
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