(a) A domestic stock insurer may increase its capital stock by complying with § 414-281 and § 431:4-120. The increase in capital shall be effective upon the payment of the increased capital in full in cash.

Terms Used In Hawaii Revised Statutes 431:4-202

  • Available surplus: means the excess over the minimum amount of surplus required for the classes of insurance the insurer is authorized to transact. See Hawaii Revised Statutes 431:4-101
(b) If the increased capital stock is to be distributed as stock dividend, the increased capital stock may be fully paid in out of any available surplus funds as is provided in § 431:4-204, and the payment shall be effected by a transfer on the insurer’s books from its surplus account to its capital account.

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