§431:9C-106 - Penalties and liabilities. - Hawaii Statutes

     [§431:9C-106]  Penalties and liabilities.  (a)  If after a hearing conducted in accordance with section 431:2-308 and chapter 91, the commissioner finds that any person has violated any provision of this article, the commissioner may order any or all of the following:

     (1)  For each separate violation, a fine in an amount not less than $500 and not more than $50,000, pursuant to section 431:3-221;

     (2)  Revocation or suspension of the managing general agent's license; and

     (3)  The managing general agent to reimburse the insurer or the rehabilitator or liquidator of the insurer for any losses incurred by the insurer caused by a violation of this chapter by the managing general agent.

     (b)  Nothing contained in this section shall affect the right of the commissioner to impose any other penalties as provided by law.

     (c)  Nothing contained in this article is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, and auditors. [L 2002, c 155, pt of §2]