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Code · Hawaii · Hawaii Revised Statutes

[§431C-43] Fraud warning required.

93 words·~1 min read·/hi/431c-43

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[§431C-43] Fraud warning required.
(a)Life settlement contracts and applications for life settlement contracts, regardless of the form of transmission, shall contain the following statement or a substantially similar statement: "Any person who knowingly presents false information in an application for insurance or life settlement contract is guilty of a crime and may be subject to fines and confinement in prison."
(b)The lack of a statement as required in subsection
(a)shall not constitute a defense in any prosecution for a fraudulent life settlement act. [L 2012, c 256, pt of §1]
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