§431E-43 - Fraud warning required. - Hawaii Statutes

     [§431E-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 2008, c 177, pt of §1]