Haw. Rev. Stat. § 432D-4: Fiduciary responsibilities.
Where this section sits in the code
- HI Code
- Division 2
- Title 24
- Chapter 432D
(a) Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of an organization shall be responsible for the funds in a fiduciary relationship to the organization.
(b) A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on such employees, officers, directors, and partners in an amount not less than $250,000 for each health maintenance organization or a maximum of $5,000,000 in aggregate maintained on behalf of health maintenance organizations owned by a common parent corporation, or such sum as may be prescribed by the commissioner.
Collected 2026-09-14T18:32:11Z. Source file · JSON