Article 967. Reinsurance.
1. The risk of payment of insurance compensation or the insurance amount assumed by the insurer under an insurance contract may be insured by it in whole or in part with another insurer (insurers) under a contract of reinsurance concluded with the last. 2. The rules provided for in this Chapter shall apply to the reinsurance contract, applicable to insurance of business risk, unless otherwise provided by the reinsurance contract. At the same time, the insurer under an insurance contract (main contract) who has entered into a reinsurance contract is considered to be the insured in this last contract. 3. In case of reinsurance, the insurer under this contract remains liable to the insured under the main insurance contract for the payment of insurance compensation or the insurance amount. 4. The consecutive conclusion of two or several reinsurance contracts is allowed.
References to other articles of chapter 48. Insurance: