HRS §431:10D-115
Life insurers cannot buy or trade policy dividend rights
Read the official text at capitol.hawaii.gov ↗This section stops a life insurance company and its agents from buying or trading the dividend rights on its own participating life insurance policies. It also bans taking those rights by assignment, except for policy loans. This rule protects policyholders' dividend interests.
The statute, as written — Dealing in dividends
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
No life insurer nor any of its representatives, producers, or affiliates, shall buy, take by assignment other than in connection with policy loans, or otherwise deal or traffic in any rights to dividends existing under participating life insurance policies issued by the insurer.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.