HRS §431:2D-110
Fines and penalties
This section says fines and penalties under this law must be fair and reasonable. The insurance commissioner must consider whether an insurer belongs to a best-practice ethics group or self-reported and fixed problems, which can reduce fines.
everyone
The statute, as written — Fines and penalties
(a) Fines and penalties levied pursuant to this article or other provisions of this chapter shall be consistent, reasonable, and justified. (b) The commissioner shall take into consideration actions taken by insurers that maintain membership in best-practice organizations that exist to promote high ethical standards of conduct in the marketplace, and insurers that self-assess, self-report, and remediate problems detected to mitigate fines levied pursuant to this article.
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