§3604. Insuring powers; reinsurance








1. 
 
An assessment plan insurer shall have authority to transact, and shall transact
only such insurance as is permitted by its charter and by its certificate of authority.


[
1969, c. 132, §1 (NEW)
.]








2. 
 
Any such insurer shall have power to cede reinsurance of any risk or part thereof
which it is authorized to insure direct; and shall have power to accept reinsurance
from other domestic assessment plan insurers of any risk which it has authority to
insure direct.


[
1969, c. 132, §1 (NEW)
.]





SECTION HISTORY

1969, c. 132, §1 (NEW).