HRS §431:10D-215
Assigning your group life insurance rights
If you have group life insurance, you can give away some or all of your rights under the policy to someone else, unless the policy says otherwise or you have a separate agreement. This includes the right to convert the policy and to name a beneficiary. You cannot assign to the policyholder.
The statute, as written — Assignment of policies
Subject to the terms of the policy, or pursuant to an agreement between the insured, the group policyholder, and the insurer, any person insured under a group life insurance policy may make to any person, other than the policyholder, an assignment of all or any part of the incidents of ownership conferred on the insured by the policy or by law, including specifically, but not by way of limitation, the right to exercise the conversion privilege and the right to name a beneficiary.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.