Hawaii Revised Statutes 431:9A-126 – Power to fine

(a) The order levying the fine through section 431:9A-112 shall specify the period within which the fine shall be fully paid, and that period shall be not less than thirty nor more than forty-five days from the date of the order.

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Hawaii Revised Statutes 431:9A-126

Commissioner: means the insurance commissioner. See Hawaii Revised Statutes 431:9A-102
License: means a document issued by the commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. See Hawaii Revised Statutes 431:9A-102
Licensee: means any type of insurance producer or producer. See Hawaii Revised Statutes 431:9A-102

(b) Upon the licensee‘s failure to pay any fine when due, the commissioner shall revoke the license of the licensee if not already revoked, and the fine may be recovered in a civil action brought on behalf of the commissioner by the attorney general.

(c) Any fine collected shall be paid by the commissioner to the director of finance for the account of the compliance resolution fund.

Part I Contents

LawServer

Hawaii Revised Statutes 431:9A-126 – Power to fine

Terms Used In Hawaii Revised Statutes 431:9A-126

Law Offices of David W. Barlow

941 Law Help