HRS §432D-4
Fiduciary duties for HMO money handlers
Read the official text at capitol.hawaii.gov ↗This section says people who handle money for a health maintenance organization (HMO) must act as trustees for that money. It also requires the HMO to buy a bond or insurance to protect against employee or officer dishonesty, in an amount set by the insurance commissioner.
businesses
The statute, as written — Fiduciary responsibilities
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) Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of an organization shall be responsible for the funds in a fiduciary relationship to the organization. (b) A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on such employees, officers, directors, and partners in an amount not less than $250,000 for each health maintenance organization or a maximum of $5,000,000 in aggregate maintained on behalf of health maintenance organizations owned by a common parent corporation, or such sum as may be prescribed by the commissioner.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.