For a given violation of the Hawaii Insurance Code, what is a person potentially at risk of?

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In the context of violations of the Hawaii Insurance Code, being penalized financially is a legitimate consequence that a person might face. Such violations can lead to significant financial repercussions, including fines or other monetary penalties imposed by regulatory authorities. The intent of these penalties is to ensure compliance with insurance laws and to maintain the integrity of the insurance market. Violations may range from failing to provide required disclosures to engaging in fraudulent activities, all of which can attract scrutiny and corrective measures that include financial penalties.

The other options do not align with the outcomes typically associated with violating the Insurance Code. For instance, becoming insolvent relates to a company's inability to meet its obligations, which may not directly stem from a code violation. Gaining industry trust and securing a larger customer base are both outcomes that are unlikely, as violations of the Insurance Code can damage reputation and consumer confidence. Thus, financial penalties are the most clear and immediate risk associated with a violation of this code.

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