HRS §431:10D-652
Why this law exists
This section explains the reason for the law: to make sure that unclaimed property rules are followed and that all payments for life insurance death benefits are fully disclosed and transparent.
beneficiaries
The statute, as written — Purpose
The purpose of this part is to require recognition of the escheat or unclaimed property statutes of this State and require the complete and proper disclosure, transparency, and accountability relating to any method of payment for life insurance death benefits regulated by the State's insurance commissioner.
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