HRS §431:10H-237
Fines for breaking long-term care insurance rules
This section says that if an insurance company or agent breaks Hawaii's rules about long-term care insurance or how it is sold, they can be fined. The fine can be up to three times the commission paid for each policy, or up to $10,000, whichever is more. This is on top of any other penalties.
The statute, as written — Penalties
In addition to any other penalties provided by the laws of this State, any insurer or producer found to have violated any requirement of this State relating to the regulation of long-term care insurance or the marketing of such insurance shall be subject to a fine of up to three times the amount of any commissions paid for each policy involved in the violation or up to $10,000, whichever is greater.
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