33-23-509. Authority to issue policies. The association may:

(1) subject to limits specified in the association's plan of operation, but not to exceed $2 million for each claimant under one policy and $4 million for all claimants under one policy in any 1 year, issue or cause to be issued policies of medical malpractice insurance to applicants, including incidental coverages;

(2) underwrite the medical malpractice insurance and assume reinsurance from its members; and

(3) cede reinsurance.