Section 3-207 - Scope of certificate of authority.
§ 3-207. Scope of certificate of authority.
(a) In general.- A certificate of authority authorizes a reciprocal insurer to engage in one kind or a combination of kinds of insurance business, except for life insurance and health insurance other than as supplementary coverage in policies of liability insurance.
(b) Reinsurance.- A certificate of authority authorizes a reciprocal insurer to purchase reinsurance and grant reinsurance as to any kind of insurance business in which the reciprocal insurer is authorized to engage.
[An. Code 1957, art. 48A, § 279; 1997, ch. 35, § 2.]