Group life insurance offered to a Hawaii resident under a group life insurance policy issued to a group, other than a group described in §§ 431:10D-202 through 431:10D-211, shall be subject to the following requirements:

(1) No group life insurance policy shall be delivered in this State unless the commissioner finds that:

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Terms Used In Hawaii Revised Statutes 431:10D-211.5

  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(A) The issuance of the group life insurance policy is not contrary to the best interest of the public;
(B) The issuance of the group life insurance policy would result in economies of acquisition or administration; and
(C) The benefits of the group life insurance policy are reasonable in relation to the premium charged;
(2) No group life insurance coverage may be offered in this State, pursuant to this section, by an insurer under a group life insurance policy issued in another state, unless:

(A) The commissioner finds that the requirements of paragraph (1) have been met; or
(B) The issuing state has requirements substantially similar to those contained in paragraph (1) and has determined that those requirements have been met;
(3) The premium for a group life insurance policy issued pursuant to this section shall be paid by the policyholder, by covered persons, or both; and
(4) An insurer may exclude from coverage or limit the coverage on any person as to whom evidence of individual insurability is not satisfactory to the insurer under a group life insurance policy issued pursuant to this section.

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