What is the maximum monetary penalty for violating any provision of the Hawaii Insurance Code?

The maximum monetary penalty for violating any provision of the Hawaii Insurance Code is indeed set at 10,000 dollars. This figure is established to ensure that the penalties serve as a significant deterrent against non-compliance with insurance regulations within the state. The amount reflects the seriousness with which the state views violations and its commitment to maintaining the integrity of the insurance industry. Higher penalties can be applied in cases of repeated violations or those that show a flagrant disregard for the code, thereby emphasizing the importance of adhering to the established laws governing insurance practices in Hawaii. Understanding this penalty structure helps adjusters and other insurance professionals stay compliant and avoid potentially costly breaches of the code.