Hawaii Revised Statutes 431:4-424 – Subscriber’s share of assets
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Terms Used In Hawaii Revised Statutes 431:4-424
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Upon the liquidation of a domestic reciprocal insurer, its assets remaining after discharge of its indebtedness and policy obligations, the return of any contributions to its surplus made as provided in § 431:4-422, and the return of any unused deposits, savings, or credits, shall be distributed to its subscribers who were such within the twelve months prior to such formula as may have been approved by the commissioner.