HRS §431:10-103
Which contracts are not covered by these rules
This section lists contracts that are not covered by the rules in this part. It includes certain securities, large group contracts, pension plans, and older contracts approved before a certain date. Individual certificates under group contracts are still covered.
The statute, as written — Exemptions of certain contracts
The provisions of this part shall not apply to: (1) Any contract which is a security subject to federal jurisdiction; (2) Any group contract covering a group of one thousand or more lives at date of issue, other than a group credit life or credit disability contract, except that any individual certificate issued under a group contract delivered or issued for delivery in this State shall not be exempt; (3) Any group annuity contract which funds a pension, profit sharing, or deferred compensation plan; (4) Any form used in connection with, as a conversion from, as an addition to, or in exchange under a contractual provision for a contract delivered or issued for delivery on a form approved or permitted to be issued prior to July 1, 1984; or (5) The renewal of a contract delivered or issued for delivery prior to July 1, 1984.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.