Section 16-17-14 - Reinsurance(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. [Eff 5/13/91; am and comp 3/12/01] (Auth: HRS §§ 431:19-114, 431:19-115) (Imp: HRS § 431:19-111)