Haw. Rev. Stat. § 449-11
Fidelity bonds; insurance or other security devices
Hawaii · Hawaii Revised Statutes Chapter 449 — Escrow Depositories · Status: effective
Cite this
- Citation
- Haw. Rev. Stat. § 449-11, Fidelity bonds; insurance or other security devices, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2425485
- Permanent ID
ys:prov:2425485@1- SHA-256
e28d60481d6f23b4753d712184141c082d9237d28510b925ecfa39304d0665eb
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
[See Note below.] A licensed escrow depository shall at all times either:
(1) Maintain a fidelity bond executed by a surety insurer authorized to do business in the State in an amount not less than $100,000; provided that any bond which is subject to a deductible thereunder in excess of $10,000 per occurrence shall require the prior approval of the commissioner, who may take into consideration, among other factors, the amount of the proposed bond; or
(2) Deposit an equivalent amount of cash or other security device under such terms and conditions as are acceptable to the commissioner,
upon all of its directors, officers, and employees who have access to money or negotiable securities or instruments in its possession or under its control. Notwithstanding the above provision, the escrow depository may carry bonds or deposit cash or securities above the amounts required by the commissioner.