§287-42  Self-insurers.  (a)  Any personin whose name more than twenty-five motor vehicles are registered may qualifyas a self-insurer by obtaining a certificate of self-insurance issued by theadministrator as provided in subsection (b) of this section.

(b)  The administrator may, in theadministrator's discretion, upon the application of such a person, issue acertificate of self-insurance when the administrator is satisfied that theperson is possessed and will continue to be possessed of ability to payjudgments obtained against such person.

(c)  Upon not less than five days' notice and ahearing pursuant to the notice, the administrator may upon reasonable groundscancel a certificate of self-insurance.  Failure to pay any judgment withinthirty days after the judgment has become final shall constitute a reasonableground for the cancellation of a certificate of self-insurance. [L 1949, c 393,pt of §1; RL 1955, §160-120; HRS §287-42; am L 1980, c 84, pt of §1; gen ch1985]