- (1) A reciprocal insurer may, upon qualifying therefor as provided for by this code, transact any kind or kinds of insurance defined by this code, other than life or title insurances.
- (2) Such an insurer may purchase reinsurance and may grant reinsurance as to any kind of insurance it is authorized to transact.
History: En. Sec. 541, Ch. 286, L. 1959; R.C.M. 1947, 40-5004.