HRS §431:2D-101
Why this insurance market conduct law exists
This law sets up a system for the insurance division to find and fix serious market conduct problems that hurt consumers, policyholders, and claimants. It also helps states work together on these issues to use resources wisely.
state agencies
The statute, as written — Legislative intent
The purpose of this article is to establish a framework for insurance division market conduct actions, including: (1) Processes and systems for identifying, assessing, and prioritizing market conduct problems that have a substantial adverse impact on consumers, policyholders, and claimants; (2) Market conduct actions by the commissioner to substantiate those market conduct problems and a means to remedy significant market conduct problems; and (3) Procedures to communicate and coordinate market conduct actions among states to foster the most efficient and effective use of resources.
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