reglab/housing_qa huggingface dataset:
HI Rev Stat § 432:2-502 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-502 Funds.

  §432:2-502 Funds. (a) All assets shall be held, invested and disbursed for the use and benefit of the society. No member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided in the benefit contract.  (b) A society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of such society.  (c) A society may, pursuant to resolution of its supreme governing body, establish and operate one or more separate accounts and issue contracts on a variable basis, subject to the provisions of law regulating life insurers establishing such accounts and issuing such contracts. To the extent the society deems it necessary in order to comply with any applicable federal or state laws, or any rules issued thereunder, the society may adopt special procedures for the conduct of the business and affairs of a separate account, may, for persons having beneficial interests therein, provide special voting and other rights, including without limitation special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants, and selection of a committee to manage the business and affairs of the account, and may issue contracts on a variable basis to which section 432:2-404(b) and section 432:2-404(d) shall not apply. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-503 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-503 Taxation.

  §432:2-503 Taxation. Every society organized and operating or licensed under this article shall be, from the time of such organization, exempt from every state, county, and municipal tax, except real property taxes and unemployment compensation taxes; provided that nothing in this section shall be deemed to exempt the association or society from liability to withhold such taxes payable by its employees and pay the same to the proper collection officers, and to keep such records and make such returns and reports, as may be required in the case of other corporations, associations, or societies similarly exempt from the taxes hereinabove first mentioned; provided further, that the exemption hereby granted as to general excise taxes under chapter 237 shall not apply to any activity the primary purpose of which is to produce income. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-601 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-601 Valuations.

  §432:2-601 Valuations. (a) Standards of valuation for certificates issued prior to one year after July 1, 1988, shall be those provided by the laws applicable immediately prior to July 1, 1988.  (b) The minimum standards of valuation for certificates issued on or after one year from July 1, 1988, shall be based on the following tables:  (1) For certificates of life insurance the Commissioner's 1941 Standard Ordinary Mortality Table, the Commissioner's 1941 Standard Industrial Mortality Table, the Commissioner's 1958 Standard Ordinary Mortality Table, the Commissioner's 1980 Standard Ordinary Mortality Table or any more recent table made applicable to life insurers.  (2) For annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits and for noncancellable accident and health benefits, such tables as are authorized for use by life insurers in this State. All of the above shall be under valuation methods and standards (including interest assumptions) in accordance with the laws of this State applicable to life insurers issuing policies containing like benefits.  (c) The commissioner may, in the commissioner's discretion, accept other standards for valuation if the commissioner finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard herein prescribed. The commissioner may, in the commissioner's discretion, vary the standards of mortality applicable to all benefit contracts on substandard lives or other extra hazardous lives by a society authorized to do business in this State.  (d) Any society, with the consent of the commissioner of insurance of the state of domicile of the society and under such conditions, if any, which the commissioner may impose, may establish and maintain reserves on its certificates in excess of the reserves required thereunder, but the contractual rights of any benefit member shall not be affected thereby. [L 1987, c 347, pt of §2] Revision Note  "July 1, 1988" substituted for "the effective date of this article" pursuant to §23G-15.
HI Rev Stat § 432:2-602 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-602 Reports.

  §432:2-602 Reports. (a) Every society transacting business in this State shall annually, on or before March 1, unless for cause shown such time has been extended by the commissioner, file with the commissioner a true statement of its financial condition, transactions and affairs for the preceding calendar year. The statement shall be in general form and context as approved by the National Association of Insurance Commissioners for fraternal benefit societies and as supplemented by additional information required by the commissioner.  (b) As part of the annual statement required, each society shall, on or before March 1, file with the commissioner a valuation of its certificates in force on December 31 last preceding; provided that the commissioner may, in the commissioner's discretion for cause shown, extend the time for filing the valuation for not more than two calendar months. The valuation shall be done in accordance with the standards specified in section 432:2-601. The valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society.  (c) A society neglecting to file the annual statement in the form and within the time provided by this section shall be liable for a penalty of $100 for each day during which the neglect continues, and, upon notice by the commissioner to that effect, its authority to do business in this State shall cease while the default continues. [L 1987, c 347, pt of §2; am L 2012, c 251, §10; am L 2015, c 63, §14]
HI Rev Stat § 432:2-603 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-603 Annual license.

  §432:2-603 Annual license. Societies that are now authorized to transact business in this State may continue to transact business until August 16, 2016. The authority of societies and all societies hereafter issued a certificate of authority, may thereafter be extended in accordance with section 432:2-108. [L 1987, c 347, pt of §2; am L 1988, c 363, §2(7); am L 2012, c 251, §11; am L 2015, c 63, §15]
HI Rev Stat § 432:2-604 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-604 Examination of societies; no adverse publications.

  §432:2-604 Examination of societies; no adverse publications. (a) The commissioner, or any person the commissioner may appoint, may examine any domestic, foreign or alien society transacting or applying for admission to transact business in this State in the same manner as authorized for examination of domestic, foreign or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies.  (b) The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the commissioner. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-605 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-605 Foreign or alien society, admission.

  §432:2-605 Foreign or alien society, admission. No foreign or alien society shall transact business in this State without a license issued by the commissioner. Any such society desiring admission to this State shall comply substantially with the requirements and limitations of this article applicable to domestic societies. Any such society may be licensed to transact business in this State upon filing with the commissioner:  (1) A duly certified copy of its articles of incorporation;  (2) A copy of its bylaws, certified by its secretary or corresponding officer;  (3) A power of attorney to the commissioner as prescribed in section 432:2-701;  (4) A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province or country, satisfactory to the commissioner of this State;  (5) Certification from the proper official of its home state, territory, province or country that the society is legally incorporated and licensed to transact business therein;  (6) Copies of its certificate forms; and  (7) Such other information as the commissioner may deem necessary; and upon a showing that its assets are invested in accordance with the provisions of this article. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-607 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-607 Suspension, revocation or refusal of license of foreign or alien society.

  §432:2-607 Suspension, revocation or refusal of license of foreign or alien society. (a) When the commissioner upon investigation finds that a foreign or alien society transacting or applying to transact business in this State:  (1) Has exceeded its powers;  (2) Has failed to comply with any of the provisions of this article;  (3) Is not fulfilling its contracts in good faith; or  (4) Is conducting its business fraudulently or in a manner hazardous to its members or creditors or the public; the commissioner shall notify the society of such deficiency or deficiencies and state in writing the reasons for the commissioner's dissatisfaction. The commissioner shall at once issue a written notice to the society requiring that the deficiency or deficiencies which exist are corrected. After such notice the society shall have a thirty-day period in which to comply with the commissioner's request for correction. If the society fails to comply the commissioner shall notify the society of such findings of noncompliance and require the society to show cause on a date named why its license should not be suspended, revoked or refused. If on such date the society does not present good and sufficient reason why its authority to do business in this State should not be suspended, revoked or refused, the commissioner may suspend or refuse the license of the society to do business in this State until satisfactory evidence is furnished to the commissioner that such suspension or refusal should be withdrawn or the commissioner may revoke the authority of the society to do business in this State.  (b) Nothing contained in this section shall be taken or construed as preventing any society from continuing in good faith all contracts made in this State during the time the society was legally authorized to transact business in this State. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-608 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-608 Injunction.

  §432:2-608 Injunction. No application or petition for injunction against any domestic, foreign or alien society, or lodge, shall be recognized in any court of the State unless made by the attorney general upon request of the commissioner. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-609 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-609 Licensing of producers.

 §432:2-609 Licensing of producers. (a) Fraternal benefit society producers shall be licensed in accordance with the provisions governing producers in articles 7 and 9A of chapter 431, except that the appointment shall be made by the fraternal benefit society. Fraternal benefit society producers are not prohibited from obtaining additional licenses provided for in article 9 of chapter 431. No examination shall be required of an individual licensed to represent a fraternal benefit society prior to July 1, 1988.  (b) No examination or license shall be required of any regular salaried officer, employee or member of a licensed society who devotes substantially all of the officer's, employee's or member's services to activities other than the solicitation of fraternal insurance contracts from the public, and who receives for the solicitation of such contracts no commission or other compensation directly dependent upon the amount of business obtained.  (c) Any producer, representative, or member of a society who devotes, or intends to devote, less than fifty per cent of one's time to the solicitation and procurement of insurance contracts for such society shall be exempt from the requirements of subsection (a). Any person who in the preceding calendar year has solicited and procured life insurance contracts on behalf of any society in an amount of insurance in excess of $50,000, or, in the case of any other kind or kinds of insurance which the society might write, on the persons of more than twenty-five individuals and who has received or will receive a commission or other compensation therefor, shall be presumed to be devoting, or intending to devote, fifty per cent of the person's time to the solicitation or procurement of insurance contracts for such society. [L 1987, c 347, pt of §2; am L 1999, c 246, §4; am L 2001, c 216, §27; am L 2002, c 155, §104; am L 2003, c 212, §123; am L 2006, c 154, §43]
HI Rev Stat § 432:2-610 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-610 Unfair methods of competition and unfair and deceptive acts and practices.

  §432:2-610 Unfair methods of competition and unfair and deceptive acts and practices. Every society authorized to do business in this State shall be subject to the provisions of article 13 of the insurance code relating to unfair practices; provided, however, that nothing in such provisions shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership, or be construed as applying to or affecting the offering of benefits exclusively to members [or] persons eligible for membership in the society by a subsidiary corporation or affiliated organization of the society. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-611 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-611 Federal law compliance.

  §432:2-611 Federal law compliance. A fraternal benefit society shall comply with applicable federal law. The commissioner shall enforce the consumer protections and market reforms relating to insurance as set forth in the federal Patient Protection and Affordable Care Act, Public Law 111-148. [L 2011, c 15, §3]
HI Rev Stat § 432:2-701 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-701 Service of process.

  §432:2-701 Service of process. (a) Every society authorized to do business in this State shall appoint in writing the commissioner and each successor in office to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, and shall agree in such writing that any lawful process against it which is served on said attorney shall be of the same legal force and validity as if served upon the society, and that the authority shall continue in force so long as any liability remains outstanding in this State. Copies of such appointment, certified by the commissioner, shall be deemed sufficient evidence thereof and shall be admitted in evidence with the force and effect as the original thereof might be admitted.  (b) Service shall only be made upon the commissioner, or if absent, upon the person in charge of the commissioner's office. It shall be made in duplicate and shall constitute sufficient service upon the society. When legal process against a society is served upon the commissioner, the commissioner shall immediately forward one of the duplicate copies by certified mail, prepaid, directed to the secretary or corresponding officer. No such service shall require a society to file its answer, pleading or defense in less than thirty days from the date of mailing the copy of the service to a society. Legal process shall not be served upon a society except in the manner herein provided. At the time of serving any process upon the commissioner, the plaintiff or complainant in the action shall pay to the commissioner a fee of $25. [L 1987, c 347, pt of §2; am L 2015, c 63, §16]
HI Rev Stat § 432:2-702 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-702 Review.

  §432:2-702 Review. All decisions and findings of the commissioner made under the provisions of this article shall be subject to review by proper proceedings in any court of competent jurisdiction in this State. [L 1987, c 347, pt of §2]
HI Rev Stat § 432:2-703 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-703 Penalties.

  §432:2-703 Penalties. (a) Any person who wilfully makes a false or fraudulent statement in or relating to an application for membership or for the purpose of obtaining money from or a benefit in any society, shall upon conviction be fined not less than $100 nor more than $500 or imprisoned for not less than thirty days nor more than one year, or both.  (b) Any person who wilfully makes a false or fraudulent statement in any verified report or declaration under oath required or authorized by this article, or of any material fact or thing contained in a sworn statement concerning the death or disability of an insured for the purpose of procuring payment of a benefit named in the certificate, shall be guilty of perjury and shall be subject to the penalties therefor prescribed by law.  (c) Any person who solicits membership for, or in any manner assists in procuring membership in, any society not licensed to do business in this State shall upon conviction be fined not less than $50 nor more than $200.  (d) Any person guilty of a wilful violation of, or neglect or refusal to comply with, the provisions of this article for which a penalty is not otherwise prescribed, shall upon conviction, be subject to a fine not exceeding $200.  (e) All penalties collected pursuant to this section and section 432:2-108 shall be deposited to the credit of the compliance resolution fund. [L 1987, c 347, pt of §2; am L 2015, c 63, §17]
HI Rev Stat § 432:2-705 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432. Benefit Societies|432:2-705 Severability.

  §432:2-705 Severability. If any provision of this article or the application of such provision to any circumstance is held invalid, the remainder of the article or the application of the provision to other circumstances, shall not be affected thereby. [L 1987, c 347, pt of §2]
HI Rev Stat § 432C-1 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432C. Nonprofit Entities; Conversion of Assets|432C-1 Definitions.

  §432C-1 Definitions. As used in this chapter:  "Commissioner" means the insurance commissioner.  "Conversion" means the transfer or sale of a significant amount of a nonprofit entity's assets to a for-profit entity or through any other means as determined by the commissioner. The department of commerce and consumer affairs' business registration division shall assist the commissioner in determining whether a conversion is about to occur or has occurred. As used in this definition, "significant" means twenty per cent or more of the assets of the nonprofit entity or an amount where the for-profit entity gains control or majority ownership of total assets of the nonprofit entity.  "For-profit entity" means a corporation organized under chapter 414, including a stock insurance company.  "Nonprofit entity" means any charitable organization operating pursuant to Title 26 United States Code section 501(c)(3), (4), (8), (9), (26), or 501(e), and whose primary purpose is to provide accident and health or sickness insurance coverage or any type of accident and health or sickness insurance benefits to its members or the public. [L 1998, c 260, pt of §2; am L 2002, c 40, §74; am L 2003, c 212, §124]
HI Rev Stat § 432C-2 (2021)
2021 Hawaii Revised Statutes|Title 24. Insurance|432C. Nonprofit Entities; Conversion of Assets|432C-2 Application for conversion.

  §432C-2 Application for conversion. (a) A nonprofit entity shall file an application with the commissioner at least six months prior to a proposed conversion. The application shall include a report of the activities of the nonprofit entity and a plan for the conversion including the following:  (1) A board resolution indicating that a majority of the board of directors has approved the plan for conversion;  (2) Copies of the original and amended articles of incorporation, if any;  (3) The nature of the public benefit or charitable activities undertaken by the nonprofit entity;  (4) Expenditures incurred by the nonprofit entity on the public benefit or charitable activities;  (5) A means that establishes that the conversion shall not be prejudicial to the subscribers, contract holders, or residents of this State;  (6) A comparative premium rate analysis of the nonprofit entity's major plans and products, with the analysis comparing actual premium rates for the past three years prior to the proposed conversion and projected premium rates for three years following the proposed conversion. The analysis shall address the projected impact, if any, of the proposed conversion upon the nonprofit entity's future underwriting profit, investment income, and loss and claim reserves, including the effect, if any, of adverse market or risk selection upon the reserves; and  (7) A valuation of all assets held by the nonprofit entity.  (b) The commissioner may request any additional information that the commissioner deems necessary to carry out this chapter. [L 1998, c 260, pt of §2]