Legislative intent

HRS §431:2D-101, under Insurance Code.

HRS §431:2D-101

[ARTICLE 2D]

MARKET CONDUCT

[§431:2D-101] Legislative intent. The purpose of this article is to establish a framework for insurance division market conduct actions, including:

(1) Processes and systems for identifying, assessing, and prioritizing market conduct problems that have a substantial adverse impact on consumers, policyholders, and claimants;

(2) Market conduct actions by the commissioner to substantiate those market conduct problems and a means to remedy significant market conduct problems; and

(3) Procedures to communicate and coordinate market conduct actions among states to foster the most efficient and effective use of resources. [L 2007, c 227, pt of §1]