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Hawaii Revised Statutes Division 2. Business § 431:10D-624

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) An insurer shall be responsible for compliance with this part. If a violation occurs because of the action or inaction of the insurer or its producer, the commissioner may order:

(1) An insurer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this part by the insurer, an entity contracted to perform the insurer's supervisory duties, or by the producer;

(2) A business entity, general agency, independent agency, or the producer to take reasonably appropriate corrective action for any consumer harmed by the producer's violation of this part; and

(3) Appropriate penalties and sanctions.

(b) Any penalty applicable to an insurer, a managing general agent, independent agencies, or a producer under article 13 of chapter 431 may be applicable to a violation of this part; provided that penalties may be reduced or eliminated if corrective action for the consumer was taken promptly after a violation was discovered or if the violation was not part of a pattern or practice.

(c) The authority to enforce compliance with this part is vested exclusively with the commissioner.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 431:10D-624 - last updated January 01, 2025 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-431-10d-624/

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