Hawaii Revised Statutes 431C-17 – Investigative authority of the commissioner
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Terms Used In Hawaii Revised Statutes 431C-17
- Business of life settlements: means an activity involved in but not limited to offering to enter into the soliciting, negotiating, procuring, effectuating, monitoring, or tracking of life settlement contracts. See Hawaii Revised Statutes 431C-2
- Commissioner: means the insurance commissioner. See Hawaii Revised Statutes 431C-2
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
The commissioner may investigate suspected fraudulent life settlement acts and persons engaged in the business of life settlements.