Haw. Code R. tit. 16, ch. 18, exh. B

NOTICE CONCERNING EXCLUSIONS FROM COVERAGE UNDER THE HAWAII LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION ACT

This policy is NOT covered by The Hawaii Life and Disability Insurance Guaranty Association

EXCLUSIONS FROM COVERAGE

The following are not covered by the Hawaii Life and Disability Insurance Guaranty Association:

* Any policy or any portion of it that is not guaranteed by the insurer or for which you have assumed the risk, such as a variable contract sold by prospectus.

* Any policy of reinsurance (unless an assumption certificate was issued).

* Interest rate yields that exceed an average rate.

* Dividends.

* Credits given in connection with the administration of a policy by a group contract holder.

* Employers' plans to the extent they are self-funded (that is, not insured by an insurance company, even if an insurance company administers them).

* Unallocated annuity contracts (which give rights to group contractholders, not individuals).

Also, you are not protected by this Association if:

* You are eligible for protection under the laws of another state (this may occur when the insolvent insurer was incorporated in another state whose guaranty association protects insureds who live outside that state); or

* The insurer was not a member insurer of the Guaranty Association. A nonprofit hospital or medical service organization (the "Blues"), an HMO, a fraternal benefit society, a mandatory state pooling plan, a mutual assessment company or similar plan in which the policy-holder is subject to future assessments, or an insurance exchange are examples of nonmember insurers.

Insurance companies or their agents are required by law to give or send you this notice. However, insurance companies and their agents are prohibited by law from using the existence of the Guaranty Association to induce you to purchase any kind of insurance policy.

The Hawaii Life and Disability Insurance Guaranty Association

P.O. Box 4068

Honolulu, Hawaii 96812

Department of Commerce & Consumer Affairs

Insurance Division

P.O. Box 3614

Honolulu, Hawaii 96811

Notes

Haw. Code R. tit. 16, ch. 18, exh. B