The purpose of this part is to provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment and, to the extent provided in this part, to minimize financial loss to claimants or policyholders because of the insolvency of an insurer.
Haw. Rev. Stat. § 431:16-102
Purpose
Known as the Insurance Code
The act spans §§ 431–431 (1,434 sections).
L 1987, c 347, pt of §2; am L 2000, c 93, §1
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.