§431:21-101 - Purpose.
ARTICLE 21
HAWAII PROPERTY INSURANCE ASSOCIATION
Cross References
Hawaii hurricane relief fund, see chapter 431P.
[§431:21-101] Purpose. The purpose of this article is to establish the Hawaii Property Insurance Association to:
(1) Assure stability in the property insurance market for property located in the State;
(2) Assure the availability of basic property insurance as defined by this article; and
(3) Provide for the equitable distribution among member insurers of the responsibility for insuring qualified property for which basic property insurance cannot be obtained through the authorized insurers. [L 1991, c 284, pt of §2]