(a) Before doing business or engaging in any act, any mutual benefit society as defined in § 432:1-104 shall file with the commissioner:

Terms Used In Hawaii Revised Statutes 432:1-301

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Society: means mutual benefit society. See Hawaii Revised Statutes 432:1-406
(1) Copies of its constitution or organic instrument under which it purports to operate, the bylaws, and rules and regulations, if any;
(2) If a society promising or offering to pay death, sick, disability, or other benefits in an amount equal to or in excess of $25:

(A) Copies of all proposed forms of benefit certificates, applications, and circulars to be issued by the society; and
(B) A bond in the sum of $25,000 with sureties approved by the commissioner. The bond shall be conditioned upon the return of the advance payments referred to in section 432:1-304, if the organization is not completed within one year; and
(3) Any additional information as the commissioner may require.
(b) Except as provided in section appeal to circuit court” class=”unlinked-ref” datatype=”S” sessionyear=”2022″ statecd=”HI”>432:1-302, upon the filing of the information required by subsection (a), if it appears to the commissioner’s satisfaction that the purposes of the society are lawful, not for profit, and for the benefit of its members, the commissioner shall issue a certificate of registration authorizing the society to solicit members as provided in section 432:1-303.
(c) Upon issuance of a certificate of registration pursuant to subsection (b), the society may apply for a certificate of authority. The applicant society shall provide to the commissioner:

(1) Evidence of compliance with the special deposit requirements of section 432:1-304; and
(2) A description of the procedures, approved by the society’s administrative board or body in accordance with its constitution and bylaws, to be implemented to comply with the protection against insolvency requirements of § 432:1-407.
(d) The applicant society that satisfies the requirements of this chapter shall be issued a certificate of authority in accordance with part II of article 3 of chapter 431. Societies that are currently authorized to transact business in this State may continue to transact business until August 16, 2013. The authority of societies and all societies hereafter issued a certificate of authority may thereafter be extended in accordance with § 432:1-108.

The applicant society may appeal a denial of its application pursuant to chapter 91.

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