HRS §431:4F-104
Keeping enough money in an alien insurer's trust account
This section says an alien insurer's trust account must always hold enough money to cover its U.S. branch's reserves and other debts, plus the minimum capital and surplus or risk-based capital required of a similar domestic insurer, whichever is higher.
financial institutions
The statute, as written — Maintenance of trust account
The trusteed assets, or the assets of the trust account of an alien insurer, as required by section 431:4F-103, shall at all times be in an amount equal to the United States branch's reserves and other liabilities plus the minimum capital and surplus or authorized control level risk-based capital, whichever is greater, required to be maintained by a domestic insurer licensed to do the same kind of insurance.
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