§431:2D-101 - Legislative intent. - Hawaii Statutes

[ARTICLE 2D]

MARKET CONDUCT

 

     [§431:2D-101]  Legislative intent.  The purpose of this article is to establish a framework for insurance division market conduct actions, including:

     (1)  Processes and systems for identifying, assessing, and prioritizing market conduct problems that have a substantial adverse impact on consumers, policyholders, and claimants;

     (2)  Market conduct actions by the commissioner to substantiate those market conduct problems and a means to remedy significant market conduct problems; and

     (3)  Procedures to communicate and coordinate market conduct actions among states to foster the most efficient and effective use of resources. [L 2007, c 227, pt of §1]