29.1590 Definition.
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A contract of reinsurance is one by which an insurer procures a third person to insure him against loss or liability by reason of such original insurance.
History: 1974, PL 13-58 § 1.
A contract of reinsurance is one by which an insurer procures a third person to insure him against loss or liability by reason of such original insurance.
History: 1974, PL 13-58 § 1.