HRS §431:4-212
When arbitrage rules do not apply
Read the official text at capitol.hawaii.gov ↗This section says that certain arbitrage transactions are not covered by the rules in sections 431:4-208 to 431:4-210, unless the insurance commissioner has adopted rules that say otherwise. The commissioner can make rules to carry out the purposes of the broader arbitrage sections.
The statute, as written — Arbitrage transactions not affected
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.
Section 431:4-208 to section 431:4-210 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules and regulations as the commissioner may adopt in order to carry out the purposes of section 431:4-208 to section 431:4-214.
Sections this one refers to
§431:4-208 Who must report stock ownership in an insurance company
§431:4-210 Rules against selling company stock you do not own
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.