Fidelity Bonds for Hawaii Condominium Associations

For a Hawaii condominium association with more than five dwelling units, unless the declaration or bylaws provide otherwise, the statute requires a fidelity bond covering people who control or disburse association funds: $500 per unit, with a $20,000 minimum and $200,000 maximum. The managing company has its own bond duty under a separate formula in §514B-132(a)(3), so associations and managers should compare both obligations before relying on one certificate.

What Is Fidelity Bonds?

Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. Read the national Fidelity bonds guide.

Hawaii Fidelity Bonds Requirements

Requirement	Details
Association threshold and amount	An association with more than five dwelling units must maintain a bond, unless the declaration or bylaws provide otherwise covering persons who control or disburse association funds at $500 per unit, subject to a $20,000 minimum and $200,000 maximum. ¹
Managing-agent bond	A managing agent must keep current a separate fidelity bond equal to $500 multiplied by the aggregate number of units it manages, with a $20,000 minimum and $500,000 maximum. Only bonded employees may handle or control association funds, subject to the statutory exception for principals who cannot be bonded; the statute also recognizes an approved exemption or bond alternative. ²

What Should You Watch for With Fidelity Bonds in Hawaii?

Use the right unit count and floor
The association-level formula applies only when the project has more than five dwelling units and is capped at $200,000, but it cannot drop below $20,000. A small project therefore may owe the minimum even when $500 per unit is lower; document the covered dwelling-unit count before choosing the limit. ¹
Do not combine the association and manager duties by assumption
Section 514B-143 addresses the association’s own bond, while §514B-132(a)(3) separately requires a managing agent’s bond based on the aggregate units managed. Ask whose policy is being shown, which associations and funds it covers, and whether the association is a covered party for a loss claim. ^1,²
Name every person who controls or disburses funds
The association bond must cover persons who control or disburse association funds, including the managing agent and its employees. Compare that class with the bank signers, accounting staff and management-company employees who can initiate or approve transfers; a statutory formula alone does not prove those people fit a policy’s wording. ¹
Check governing documents and nonresidential use
Section 514B-143 begins with an exception where the declaration or bylaws provide otherwise and permits the section to be varied or waived when every unit is restricted to nonresidential use. Check both the project’s governing documents and unit-use restrictions before treating the association-level formula as controlling; §514B-132’s managing-agent duty is separately stated. ^1,²

Which Fidelity Bonds Providers Have Hawaii License Records?

These providers publish a national listing for Fidelity bonds; the license records below name the licensed entities and roles. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Hawaii. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

TechInsurance
Insurance producer · checked 2026-09-28
Specialty Program Group LLC
TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. ¹⁴
TechInsurance arranges fidelity bonds addressing employee theft from clients.
Vouch
Insurance producer, Surplus-lines broker · checked 2026-09-28
Vouch Specialty Insurance Services, LLC
Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. ¹⁵
Vouch lists fidelity bonds among its core protections for financial-services businesses.

Who Regulates Insurance in Hawaii?

Hawaiʻi Insurance Division

The Insurance Division oversees insurance companies and producers, examines Hawaiʻi-based insurers, reviews rate and policy filings, and investigates insurance complaints. It is part of the Department of Commerce and Consumer Affairs. ^4,^5,⁶

Website: Regulator website
License lookup: Search licensed producers
Complaints: File a complaint
Phone: 1-844-808-3222

Surplus-Lines Tax and Stamping Office in Hawaii

Reported tax rate. 4.68% of premium when Hawaiʻi is the home state ^7,⁸

Hawaiʻi applies a 4.68% tax when it is the insured’s home state. Surplus-lines coverage is placed with an unauthorized insurer, so do not assume the Hawaiʻi Insurance Guaranty Association protects the policy; confirm the insurer’s status and policy terms with your broker.

What Should You Ask Before Buying Fidelity Bonds in Hawaii?

Does the project have more than five dwelling units, and what unit count supports the required amount?
Which association and management-company policies cover the people authorized to initiate or approve transfers?
Does the managing agent’s aggregate-unit calculation include every association it manages?

Fidelity Bonds in Hawaii: Frequently Asked Questions

Does the association formula apply to every Hawaii condominium?

The formula in §514B-143(a)(3)(A) applies to associations with more than five dwelling units. The statute separately requires bonds for management companies responsible for association funds under §514B-132(a)(3). ^1,²

Is a fidelity bond the same as directors-and-officers liability?

No. Hawaii lists the association’s fidelity bond and D&O coverage as separate requirements in §514B-143. The bond addresses dishonest loss by covered fund handlers; D&O coverage addresses a different liability exposure. ¹

Sources for Fidelity Bonds in Hawaii

1
Hawaii Revised Statutes §514B-143, Insurance. Hawaii State Legislature, Legislative Reference Bureau; Subsections (a)(3)(A)–(B), (a)(4); current chapter compilation accessed Sept. 28, 2026. Accessed 2026-09-28.
2
Hawaii Revised Statutes §514B-132(a)(3), Managing agents. Hawaii State Legislature, Legislative Reference Bureau; Chapter 514B, Part VI, §514B-132; Hawaii DCCA Real Estate Branch independently summarizes the formula at https://cca.hawaii.gov/reb/resources-for-condominium-owners/ §514B-132 entry. Accessed 2026-09-28.
3
DCCA Real Estate Branch, Condominium Insurance Guidance. Hawaii Department of Commerce and Consumer Affairs, Real Estate Branch; Revised Sept. 24, 2026; insurance section lines 309–320, summarizes §§514B-132, -143 and association registration guidance. Accessed 2026-09-28.
4
Insurance Division. Hawaiʻi Department of Commerce and Consumer Affairs; Official division homepage; scope, license search, complaints, contact information. Accessed 2026-09-28.
5
Insurance Licenses and Registrations. Hawaiʻi Insurance Division; Insurance license information; links to state-based system for license applications and status. Accessed 2026-09-28.
6
Filing a Complaint. Hawaiʻi Insurance Division; Online complaint form and published consumer phone. Accessed 2026-09-28.
7
Surplus Lines Tax. Hawaiʻi Insurance Division; 4.68% rate and home-state application under HRS § 431:8-315. Accessed 2026-09-28.
8
HRS § 431:16-105: Definitions. Hawaiʻi Legislature; Defines a member insurer as an insurer licensed or holding a certificate of authority in Hawaiʻi; cross-read with HRS § 431:8-102 and § 431:8-301 for unauthorized surplus-lines placements. Accessed 2026-09-28.
9
Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
10
Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
11
Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
12
About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
13
Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
14
Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
15
Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Fidelity Bonds for Hawaii Condominium Associations

What Is Fidelity Bonds?

Hawaii Fidelity Bonds Requirements

What Should You Watch for With Fidelity Bonds in Hawaii?

Use the right unit count and floor

Do not combine the association and manager duties by assumption

Name every person who controls or disburses funds

Check governing documents and nonresidential use

Which Fidelity Bonds Providers Have Hawaii License Records?

TechInsurance

Vouch