Condominium Property Regime, insurance
Hawaii Revised Statutes 514B-143, single section
Edition and licensing notes
Publisher. Hawaii State Legislature (capitol.hawaii.gov, data host)
Edition. HRS current per data.capitol.hawaii.gov on 2026-09-29 (Vol12_Ch0501-0588)
Status. Hawaii Revised Statutes, public domain (state government edict).
What this document is
Hawaii Revised Statutes 514B-143 - Condominium Property Regime, insurance (single section) is a state statute published by Hawaii State Legislature (capitol.hawaii.gov, data host). It is one of the Hawaii documents that insurance license exam questions are written from, including hawaii property & casualty, hawaii personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Haw. Rev. Stat. § 514B-143(f) (Adjustment of loss and payment of proceeds)
“(f) Any loss covered by the property policy under subsection (a)(1) shall be adjusted by and with the association. The insurance proceeds for that loss shall be payable to the association, or to an insurance trustee designated by the association for that purpose. The insurance trustee or the...”
- Haw. Rev. Stat. § 514B-143(g) (Board may purchase owner insurance and charge the cost back)
“If the unit owner does not purchase or produce evidence of insurance requested by the board, the directors may, in good faith, purchase the insurance coverage and charge the reasonable premium cost back to the unit owner.”
- Haw. Rev. Stat. § 514B-143(a)(3)(A) (Fidelity bond amount)
“(A) An association with more than five dwelling units shall obtain and maintain a fidelity bond covering persons, including the managing agent and its employees who control or disburse funds of the association, in an amount equal to $500 multiplied by the number of units; provided that the amount...”
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