HRS §431:6-501
Foreign insurers must invest as safely as local ones
This section says that insurance companies from other states or countries must follow their home state's investment rules, but their investments must be about as safe and high-quality as those required for Hawaii-based insurers. It sets a general standard, not specific rules.
The statute, as written — Investments of foreign, alien insurers
The investments of a foreign or alien insurer shall be as permitted by the laws of its domicile, but shall be of a quality substantially as high as those required by this article for similar funds of like domestic insurers.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.