Reinsurance of fire risks to be deducted in determining limit of insurance

The reinsurance which any state mutual fire insurance company may secure upon any risk it has outstanding shall be deducted in determining whether the amount of the risk exceeds the limit that by law such company may insure. Acts 1925, ch. 85, § 4; Shan. Supp., § 3369a29b5; Code 1932, § 6283; T.C.A. (orig. ed.), § 56-2028. The reinsurance which any state mutual fire insurance company may secure upon any risk it has outstanding shall be deducted in determining whether the amount of the risk exceeds the limit that by law such company may insure. Acts 1925, ch. 85, § 4; Shan. Supp., § 3369a29b5; Code 1932, § 6283; T.C.A. (orig. ed.), § 56-2028.