HRS §431:4-214

Commissioner can make rules and protect good-faith actions

Read the official text at capitol.hawaii.gov ↗

The insurance commissioner can create rules needed to carry out their duties under certain sections of the law. They can also classify insurance companies, securities, and other things they oversee. If someone acts in good faith following these rules, they are not liable even if the rule is later changed or invalidated.

everyone

The statute, as written — Rules and regulations

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.

The commissioner may make such rules and regulations as may be necessary for the execution of the functions vested in the commissioner by section 431:4-208 to section 431:4-214, and may for such purpose classify domestic stock insurance companies, securities, and other persons or matters within the commissioner's jurisdiction. No provision of section 431:4-208 to section 431:4-210 imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the commissioner, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

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.