The legislature finds the following:

1. (1) There is an overriding need to provide incentive and protection for physicians engaging in effective professional peer review;
2. (2) The occurrence of medical malpractice actions has become a problem in Hawaii which can be addressed in part by promoting more effective peer review; and
3. (3) The threat of private money damage liability under state laws unreasonably discourages physicians from participating in effective professional peer review.

[L 1989, c 354, pt of §3 and c 363, pt of §3]