[§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 433.

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

     (3)  Any employer-employee plan which 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, 481, part I, 481A, and 481B, and other provisions of law which may be applicable.  Chapters 431, 433, and 434 shall not apply to any plans or the operations thereof which 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]

 

Note

 

  Chapters 433 and 434 referred to in text are repealed.