Haw. Rev. Stat. § 431:10-103: Exemptions of certain contracts.

The provisions of this part shall not apply to:

(1) Any contract which is a security subject to federal jurisdiction;

(2) Any group contract covering a group of one thousand or more lives at date of issue, other than a group credit life or credit disability contract, except that any individual certificate issued under a group contract delivered or issued for delivery in this State shall not be exempt;

(3) Any group annuity contract which funds a pension, profit sharing, or deferred compensation plan;

(4) Any form used in connection with, as a conversion from, as an addition to, or in exchange under a contractual provision for a contract delivered or issued for delivery on a form approved or permitted to be issued prior to July 1, 1984; or

(5) The renewal of a contract delivered or issued for delivery prior to July 1, 1984.