§431E-50 - Penalties. - Hawaii Statutes

     [§431E-50]  Penalties.  (a)  The commissioner may levy a civil penalty not exceeding $10,000 and the amount of the claim for each violation upon any person, including those persons and their employees licensed pursuant to this chapter, who is found to have committed a fraudulent life settlement act or violated any other provision of this chapter.

     (b)  The license of a person licensed under this chapter who commits a fraudulent life settlement act shall be revoked for a period of at least one year.

     (c)  The penalties under this chapter are cumulative and may be imposed in addition to any other penalties authorized by law. [L 2008, c 177, pt of §1]