§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]