§431:14-112 - Joint underwriting or joint reinsurance. - Hawaii Statutes

     §431:14-112  Joint underwriting or joint reinsurance.  (a)  Every group, association, or other organization of insurers which engages in joint underwriting or joint reinsurance, shall be subject to regulation as provided below, subject:

     (1)  With respect to joint underwriting, to all other provisions of this article, and

     (2)  With respect to joint reinsurance, to section 431:14-113, section 431:14-117 and section 431:14-118.

     (b)  If, after a hearing, the commissioner finds that any activity or practice of any such group, association or other organization is unfair or unreasonable or otherwise inconsistent with this article, the commissioner may issue a written order specifying in what respects the activity or practice is unfair or unreasonable or otherwise inconsistent with this article, and requiring the discontinuance of such activity or practice. [L 1987, c 347, pt of §2]