Section 23-72-117 - Reinsurance(a) A mutual assessment insurer may reinsure in any authorized life insurer any single risk or part of any single risk which it may assume.(b) The insurer may reinsure all or substantially all of its insurance in force by reinsurance in bulk as provided for in § 23-72-119.Acts 1959, No. 148, § 572; A.S.A. 1947, § 66-4517.