§431:3-109  Reinsurance.  Reinsurancemeans an insurance transaction where an insurer, for consideration, transfersany portion of the risk it has assumed to another insurer.  In referring toreinsurance transactions, this code sometimes refers to the insurertransferring the risk as the ceding or withdrawing insurer, while the insurerassuming the risk is sometimes termed the assuming reinsurer or the reinsurer.[L 1987, c 347, pt of §2]

 

Attorney General Opinions

 

  Third party liability coverage provided to the State isinsurance, not reinsurance.  Att. Gen. Op. 95-2.