Life insurance
Hawaii Governor Lingle Signs Bill To Protect Life Insurance Consumers
By admin - Posted on June 17th, 2008
Administration to seek additional safeguards and oversight of life insurance settlements
June 16, 2008 -- HONOLULU – Hawaii Governor Linda Lingle today signed into law a bill to protect individuals – specifically senior citizens and people suffering from chronic or terminal illness – from fraudulent activity relating to the selling and buying of life insurance policies.
While the new law provides added measures to protect consumers, the Governor said it does not go far enough in safeguarding against unscrupulous individuals who exploit and prey on vulnerable residents because of their age or medical condition. The Lingle-Aiona Administration will seek additional protections and industry oversight in the 2009 legislative session. » read more »
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