17B:18-65. Extended reinsurance
In addition to the reinsurance specified in 17B:18-63, an insurer authorized to do the business specified in section 17B:17-3. Life insurance defined, 17B:17-4. Health insurance defined and 17B:17-5. Annuity defined may through reinsurance assume any insurance risk and may retrocede any portion thereof; provided, however, no insurer may undertake any such extended reinsurance business without the prior approval of the commissioner.
L.1971, C. 144, S.17B:18-65. Amended by L.1975, C. 80, S.1, eff. May 2, 1975.
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