Haw. Rev. Stat. § 432D-4
Fiduciary responsibilities
Hawaii · Hawaii Revised Statutes Chapter 432D — Health Maintenance Organization Act · Status: effective
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- Citation
- Haw. Rev. Stat. § 432D-4, Fiduciary responsibilities, Hawaii, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2424642
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Full text
(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.