HRS §431C-43
Fraud warning must be included in life settlement contracts
Read the official text at capitol.hawaii.gov ↗Life settlement contracts and their applications must include a warning that knowingly providing false information is a crime that can lead to fines and prison. Not having this warning cannot be used as a defense in a fraud prosecution.
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The statute, as written — Fraud warning required
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.
(a) Life settlement contracts and applications for life settlement contracts, regardless of the form of transmission, shall contain the following statement or a substantially similar statement: "Any person who knowingly presents false information in an application for insurance or life settlement contract is guilty of a crime and may be subject to fines and confinement in prison." (b) The lack of a statement as required in subsection (a) shall not constitute a defense in any prosecution for a fraudulent life settlement act.
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