§287-12 Custody, disposition, and return of security. Security deposited in compliance with the requirements of this chapter shall be placed by the administrator in the custody of the county treasurer or director of finance and shall be applicable only to the payment of a judgment or judgments rendered against the person or persons on whose behalf the deposit was made, for damages arising out of the accident in question in an action, begun not later than one year after the date of the accident or within one year after the date of deposit of any security under section 287-9(3), and the deposit or any balance thereof shall be returned to the depositor or the depositor's personal representative when:
(1) Pursuant to section 287-8(5), evidence satisfactory to the administrator has been filed with the administrator that there has been a release from liability, or a final adjudication of nonliability, or the execution of a duly acknowledged written agreement; or
(2) After the expiration of one year from the date of the accident or from the date of deposit of any security under section 287-9(3), the administrator is given reasonable evidence that there is no pending action and no judgment rendered in the action left unpaid.
The security deposited shall not be subject to any attachment or execution unless the attachment or execution arises out of a suit for damages as described in this section. [L 1949, c 393, pt of §1; RL 1955, §160-91; HRS §287-12; am L 1980, c 84, pt of §1; gen ch 1985; am L 2020, c 70, §36]
Structure Hawaii Revised Statutes
Title 17. Motor and Other Vehicles
287. Motor Vehicle Safety Responsibility Act
287-2 Administrator to administer chapter; appeal to circuit court.
287-3 Furnishing of operating records.
287-4 Report required following accident.
287-5 Security required unless evidence of insurance.
287-8 Further exceptions to requirement of security.
287-10 Application to nonresidents and unlicensed drivers.
287-11 Form and amount of security.
287-12 Custody, disposition, and return of security.
287-14 Matters not to be evidence in civil court.
287-15 Report of nonpayment of judgments.
287-16 Suspension for nonpayment of judgment; exceptions.
287-17 Suspension to continue until judgments paid and proof given.
287-18 Payment sufficient to satisfy requirements.
287-19 Installment payment of judgment; default.
287-20 Proof of financial responsibility required upon conviction of certain offenses.
287-21 Alternate methods of giving proof.
287-22 Certificate of insurance as proof.
287-22.1 Certificate of insurance as proof; mandatory, when.
287-23 Certificate furnished by nonresident as proof.
287-24 Motor vehicle liability policy defined.
287-25 Owner's policy requirements.
287-26 Driver's policy requirements.
287-27 Contents of motor vehicle liability policy.
287-28 Liabilities which need not be covered.
287-29 General provisions governing liability policies.
287-30 Excess coverage permitted.
287-31 Reimbursement of insurer; proration of insurance.
287-32 Combining policies and issuing binders to meet requirements.
287-33 Notice of cancellation or termination of certified policy.
287-34 Chapter not to affect other policies.
287-36 Money or bonds as proof.
287-37 Owner may give proof for others.
287-39 Other proof may be required.
287-40 Duration of proof; when proof may be canceled or returned.
287-41 Surrender of license on violation.
287-46 Chapter supplemental to traffic ordinances and motor vehicle laws.
287-47 Other relief available.
287-48 Application of chapter to suspensions and revocations prior to January 1, 1950.