Section 411:30 Transfer of Risks, etc.
No such corporation shall transfer its risks, or any part thereof, to, or reinsure its risks, or any part thereof, except reinsurance effected in the ordinary course of business, in any insurance corporation, association or society which is not at the time of such transfer or reinsurance authorized to do business in this state.
Source. 1913, 42:19. 1919, 19:1. PL 278:31. RL 328:29.