HRS §431:9B-105
Rules for insurers using reinsurance broker middlemen
Read the official text at capitol.hawaii.gov ↗This section tells insurance companies what they must do before hiring a reinsurance broker. They must check the broker's license, avoid hiring the broker's employees unless they share control, and get the broker's financial statements every year.
The statute, as written — Duties of insurers utilizing the services of a reinsurance intermediary-broker
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.
(a) An insurer shall not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person, firm, association, or corporation is licensed as required by section 431:9B-102. (b) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business, unless the reinsurance intermediary-broker is under common control with the insurer and subject to article 11. (c) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.