§488-2  Applicability; other statutes, rules
of court.  (a)  This chapter shall apply to all plans in the State other
than:



(1)  Plans in which either the group or the plan
administrator is otherwise subject to regulation under chapter 431 or 432;



(2)  Plans in which any party to the plan is the
federal government or any agency thereof; or



(3)  Any employer-employee plan that is subject to the
federal Employee Retirement Income Security Act of 1974, Public Law 93-406.



(b)  The operation of all plans subject to this
chapter shall also be subject to chapters 480, part I of chapter 481, 481A, and
481B, and other provisions of law that may be applicable.  Chapters 431 and 432
shall not apply to any plans or the operations thereof that are subject to this
chapter, except as provided in sections 488-5 and 488-6.



(c)  No plan subject to this chapter shall
contravene rules of court adopted by the Hawaii supreme court. [L 1976, c 156,
pt of §1; am L 2008, c 19, §74]