§431:3-204  Classes of insurance authorized. An insurer which otherwise qualifies therefor may be authorized to transact anyone or more classes of insurance as defined in sections 431:1-204 to 431:1-211;provided that:

(1)  A life insurer shall not transact any insurancein addition to life insurance except accident and health or sickness insurance;provided that nothing herein shall limit a life insurer existing and authorizedon July 1, 1988, from writing any authorized insurance stated in its charter;and

(2)  A reciprocal insurer shall not transact life oraccident and health or sickness insurance. [L 1987, c 347, pt of §2; am L 2003,c 212, §19]