§431:4-403 Insuring powers of reciprocals. (a) Upon complying with the provisions of this part, a reciprocal insurer, as defined in section 431:3-108, may transact any class or classes of insurance defined by this code, other than life or accident and health or sickness insurance.
(b) A reciprocal insurer may purchase reinsurance upon the risk of any subscriber, and may grant reinsurance as to any class of insurance which it is authorized to transact direct. [L 1987, c 347, pt of §2; am L 2003, c 212, §36]
Section: Previous 431-4-322 431-4-323 431-4-324 431-4-325 431-4-326 431-4-401 431-4-402 431-4-403 431-4-404 431-4-405 431-4-406 431-4-407 431-4-408 431-4-409 431-4-410 NextLast modified: October 27, 2016