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2020 Hawaii Revised Statutes
Title 24. Insurance
431C. Life Settlements
431C-43 Fraud warning required.
Universal Citation: HI Rev Stat § 431C-43 (2020)
§431C-43 Fraud warning required. (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. [L 2012, c 256, pt of §1]
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