Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 17 - CAPTIVE INSURANCE COMPANIES
Section 16-17-14 - Reinsurance

Universal Citation: HI Admin Rules 16-17-14

Current through February, 2024

(a) Reinsurance under this section shall be effected through a written agreement of reinsurance setting forth the terms, provisions, and conditions governing the reinsurance.

(b) A risk retention captive:

(1) Shall qualify for credit for reinsurance on risks ceded to a reinsurer if the reinsurer is in compliance with chapter 431, article 4A of the Hawaii Revised Statutes; or

(2) May qualify for credit for reinsurance on risks ceded to a reinsurer, provided the reinsurer meets the reinsurance guidelines for risk retention captives pursuant to section 16-17-14.1.

(c) A captive taking credit for reinsurance pursuant to this section shall provide copies of all reinsurance binders, slips, treaties, or agreements to the commissioner for the commissioner's review and approval.

Disclaimer: These regulations may not be the most recent version. Hawaii may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.