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Hawaii Revised Statutes Division 2. Business § 488-2

Current as of January 01, 2022 | Updated by FindLaw Staff

(a) This chapter shall apply to all plans in the State other than:

(1) Plans in which any party to the plan is the federal government or any agency thereof; or

(2) Any employer-employee plan that is subject to the federal Employee Retirement Income Security Act of 1974, Public Law 93-406.

Plans that are owned and operated by an insurer subject to chapter 431 shall be exempt from the requirements of this chapter; provided that the insurer shall comply with the provisions of chapter 431 and file a statement certifying compliance with chapter 431.

(b) The commissioner shall have jurisdiction to enforce this chapter. The operation of all plans subject to this chapter shall also be subject to chapters 480, part I of chapter 481, 481A, and 481B, 481C, and other provisions of law that may be applicable. Chapters 431 and 432 shall not apply to any plans or the operations thereof that are subject to this chapter, except as provided in sections 488-4, 488-5, 488-6, and 488-7.

(c) No plan subject to this chapter shall contravene rules of court adopted by the Hawaii supreme court.

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Cite this article: FindLaw.com - Hawaii Revised Statutes Division 2. Business § 488-2 - last updated January 01, 2022 | https://codes.findlaw.com/hi/division-2-business/hi-rev-st-sect-488-2/

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