HRS §431:3G-108
Penalties for late corporate governance reports
Read the official text at capitol.hawaii.gov ↗Insurance companies that file their required annual corporate governance report late without a good reason must pay a fine. The fine is a daily amount, with a maximum total. The insurance commissioner can lower the fine if it would cause financial hardship.
The statute, as written — Sanctions
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
Any insurer failing, without just cause, to timely file the corporate governance annual disclosure as required in this article shall be required, after notice and an opportunity for hearing, to pay a penalty of not less than $100 and not more than $500 for each day's delay, to be recovered by the commissioner and paid into the compliance resolution fund. The maximum penalty under this section shall be $50,000. The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.