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431:4-108 Application for a solicitation permit.

HI Rev Stat § 431:4-108 (2019) (N/A)
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§431:4-108 Application for a solicitation permit. To apply for a solicitation permit a person shall:

(1) File with the commissioner a request showing:

(A) Name, type and purpose of insurer or corporation proposed to be formed;

(B) Names, addresses and business records of each person associated or to be associated with in the formation of the proposed insurer or corporation;

(C) Full disclosure of the terms of all understandings and agreements existing or proposed among persons so associated relative to the proposed insurer or corporation or the formation thereof;

(D) The plan according to which solicitations are to be made;

(E) Such additional information as the commissioner may reasonably require.

(2) File with the commissioner:

(A) (i) The articles of incorporation, or

(ii) The proposed subscribers' agreement and power of attorney, if the proposed insurer is a reciprocal;

(B) Original and one copy of any proposed bylaws;

(C) Copy of any security proposed to be issued and copy of application or subscription agreement therefor;

(D) Copy of any insurance contract proposed to be offered and copy of application therefor;

(E) Copy of any prospectus, advertising or literature proposed to be used;

(F) Copy of proposed form of any escrow agreement required.

(3) Deposit with the commissioner the appropriate fees required by this code. [L 1987, c 347, pt of §2]

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431:4-107 Solicitation permit required.
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431:4-109 Permit issued or denied.