§449-8 Issuance and renewal of license. After approval of the application, and payment of the license fee, the commissioner shall issue to the applicant a license to act as an escrow depository. The license shall be effective only upon the applicant's filing with the commissioner an escrow depository's bond and evidence that fidelity bonds and errors and omissions insurance, or cash or securities deposits permitted in lieu thereof, have been obtained, all as provided in sections 449-9, 449-11, and 449-12. The license shall be renewed annually, as of December 31, upon payment of the annual renewal fee and the finding of the commissioner, from the information contained in the annual corporate exhibit of the licensee or investigation or hearing, that the licensee continues to meet the qualifications for licensing and has continued in force the bonds and insurance or the cash or securities deposits permitted in lieu thereof. [L 1967, c 144, pt of §1; HRS §449-8; am L 1970, c 72, §1; am L 1985, c 269, §50; am L 1992, c 205, §9; am L 2016, c 224, §4]
Structure Hawaii Revised Statutes
Title 25. Professions and Occupations
449-1.6 Name of escrow depository.
449-1.7 Indicia of escrow depository prohibited.
449-1.8 Confidential portion of application or records.
449-1.9 Powers of commissioner
449-3 Excepted from this chapter.
449-5 License required to act as escrow depository.
449-6 Application for license.
449-7 Investigation and ruling.
449-7.5 Licensing requirements.
449-8 Issuance and renewal of license.
449-8.6 Sale or transfer of license or change in control.
449-9 Escrow depository's bond.
449-11 Fidelity bonds; insurance or other security devices.
449-12 Errors and omissions insurance or other security devices.
449-13 Cancellation of bonds or insurance; withdrawal of deposits.
449-16 Accounting for moneys, property, etc.
449-17 Revocation and suspension of licenses.
449-20.5 Closing branch office.
449-21 Maintenance of books and records.