§431:10H-207 - Premiums charged--group and individual policies. - Hawaii Statutes

     [§431:10H-207]  Premiums charged--group and individual policies.  (a)  The premium charged to an insured shall not increase due to either:

     (1)  Increasing age of the insured at ages beyond sixty-five; or

     (2)  The duration the insured has been covered under the policy.

     (b)  The purchase of additional coverage shall not be considered a premium rate increase, but for purposes of the calculation required under section 431:10H-233, the portion of the premium attributable to the additional coverage shall be added to and considered part of the initial annual premium.

     (c)  A reduction of benefits shall not be considered a premium change, but for purpose of calculation required under section 431:10H-233, the initial annual premium shall be based on reduced benefits. [L 1999, c 93, pt of §2]