Section 3604 - Insuring powers; reinsurance1. 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).]
1969, c. 132, § 1 (NEW) .