HRS §431:3-109
What reinsurance means in Hawaii law
Read the official text at capitol.hawaii.gov ↗This section defines reinsurance for Hawaii's insurance laws. Reinsurance is when one insurance company pays another to take over part of the risk it already agreed to cover. The company giving up risk is called the ceding insurer, and the one taking it is the reinsurer.
The statute, as written — Reinsurance
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
Reinsurance means an insurance transaction where an insurer, for consideration, transfers any portion of the risk it has assumed to another insurer. In referring to reinsurance transactions, this code sometimes refers to the insurer transferring the risk as the ceding or withdrawing insurer, while the insurer assuming the risk is sometimes termed the assuming reinsurer or the reinsurer.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.