HRS §431:10H-227
Filing proof of approval before selling group long-term care insurance
Before an insurer can offer group long-term care insurance to a Hawaii resident, it must file proof with the state insurance commissioner that the policy was approved by another state with similar long-term care insurance rules. This section only sets that filing requirement.
The statute, as written — Filing requirements; extraterritorial.] Prior to an insurer or similar organization offering group long-term care insurance to a resident of this State pursuant to section 431:10H-105, it shall file w
ith the commissioner evidence that the group policy or certificate thereunder has been approved by a state having statutory or regulatory long-term care insurance requirements substantially similar to those adopted in this State.
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