What type of code includes provisions subject to monetary penalties in Hawaii?

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In Hawaii, the Insurance Code encompasses regulatory provisions pertaining to the conduct of insurance practices, which may include specific requirements and standards that, if violated, could lead to monetary penalties. This code is designed to protect consumers by ensuring that insurance companies and their representatives adhere to established regulations, promoting fair practices within the insurance industry.

The provisions within the Insurance Code may involve various aspects such as licensing, claims handling, and customer service protocols. When insurance professionals fail to comply with these regulations, they can be subjected to fines or other penalties aimed at enforcing compliance and maintaining the integrity of the insurance system.

While the other codes mentioned—Property Code, Commercial Code, and Business Code—address different aspects of law and commerce, they do not typically focus on the specific regulations and penalties related to insurance practices as the Insurance Code does. Therefore, the Insurance Code is the appropriate choice for recognizing where monetary penalties are addressed in the context of insurance regulations in Hawaii.

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