§431C-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 2012, c 256, pt of §1]
Structure Hawaii Revised Statutes
431C-3 Licensing requirements.
431C-4 License suspension, revocation, or refusal to renew.
431C-6 Reporting requirements and privacy.
431C-12 Conduct of examinations.
431C-14 Confidentiality of examination information.
431C-15 Examiner; conflict of interest.
431C-16 Immunity from liability.
431C-17 Investigative authority of the commissioner.
431C-31 Disclosures to owners.
431C-32 Disclosure to insurer.
431C-42 Fraudulent life settlement acts prohibited.
431C-43 Fraud warning required.
431C-44 Mandatory reporting of fraudulent life settlement acts.
431C-45 Immunity from liability.
431C-47 Other law enforcement or regulatory authority.
431C-48 Life settlement anti-fraud initiatives.
431C-49 Injunctions; civil remedies; cease and desist.