@Entity
@Table(name="INTEREST_CODE_DICT")
 public   class  InterestCodesDict  implements  Serializable
{
	@Id
	@Column(name = "CODE_ID")
	 private   Long  codeId;
....
}

@Entity
@Table(name = "CUSTOMER_PROFILE")
@SequenceGenerator(name = "profile_error_seq", sequenceName = "PROFILE_ERROR_SEQ")
@org.hibernate.annotations.Proxy(lazy = true)
 public   class  CustomerProfile {
	@Id
	@Column(name = "CUSTOMER_PROFILE_ID")
	 private   Long  customerProfileId;
....
	@ManyToMany
	@JoinTable(name = "INTEREST_CODES", joinColumns = { @JoinColumn(name = "CUSTOMER_PROFILE_ID") }, inverseJoinColumns = { @JoinColumn(name = "INTEREST_DICT_ID") })
	@Cascade(value = { CascadeType.SAVE_UPDATE })
	 private  List<InterestCodesDict> interestCodes =  new  ArrayList<InterestCodesDict>();
}

CustomerProfile profile = ...;		
profile.getInterestCodes().add(...);
dao.update(profile);

delete from public.INTEREST_CODES where CUSTOMER_PROFILE_ID=?
DEBUG[AbstractCollectionPersister.remove] done deleting collection
DEBUG[AbstractCollectionPersister.recreate] Inserting collection: 
DEBUG[SQL.log] insert into public.INTEREST_CODES (CUSTOMER_PROFILE_ID, INTEREST_DICT_ID) values (?, ?)
DEBUG[AbstractBatcher.prepareBatchStatement] reusing prepared statement
DEBUG[SQL.log] insert into public.INTEREST_CODES (CUSTOMER_PROFILE_ID, INTEREST_DICT_ID) values (?, ?)
DEBUG[AbstractBatcher.prepareBatchStatement] reusing prepared statement
DEBUG[SQL.log] insert into public.INTEREST_CODES (CUSTOMER_PROFILE_ID, INTEREST_DICT_ID) values (?, ?)
DEBUG[AbstractBatcher.prepareBatchStatement] reusing prepared statement
DEBUG[SQL.log] insert into public.INTEREST_CODES (CUSTOMER_PROFILE_ID, INTEREST_DICT_ID) values (?, ?)
DEBUG[AbstractBatcher.prepareBatchStatement] reusing prepared statement
DEBUG[SQL.log] insert into public.INTEREST_CODES (CUSTOMER_PROFILE_ID, INTEREST_DICT_ID) values (?, ?)

DEBUG[AbstractCollectionPersister.remove] done deleting collection
DEBUG[AbstractCollectionPersister.recreate] Inserting collection: 

create table interest_codes (
   interest_codes_id    serial not null,
   customer_profile_id  int8                 null,
   interest_dict_id     int8                 null,
   constraint interest_codes_id_pk primary key (interest_codes_id)
);

 0 ; 661 ; 5 
 1 ; 661 ; 21 
 2 ; 661 ; 17 
 3 ; 661 ; 12 
 4 ; 661 ; 19 
 5 ; 661 ; 24 
 0 ; 660 ; 12 
 1 ; 660 ; 19 
 2 ; 660 ; 24