As used in this chapter:
"Material transaction" means an insurer's acquisition or disposition of assets or the nonrenewal, cancellation, or revision of a ceded reinsurance agreement or a new ceded reinsurance agreement affecting in force life insurance business. A material transaction subject to the reporting requirements is identified in sections 16-170-2 and 16-170-3.
Haw. Code R. § 16-170-1.5