(a) Upon complying with the provisions of this part, a reciprocal insurer, as defined in § 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.
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(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.
