(a) Under this chapter and the plan of operation, the association, on behalf of the association members, may:
(1) issue, or cause to be issued, medical liability insurance policies to applicants, including primary, excess, and incidental coverages, subject to the limits specified in the plan of operation and Section 2203.152;
(2) underwrite medical liability insurance and adjust and pay losses related to that insurance, or appoint servicing insurers to perform those functions;
(3) either or both accept and refuse the assumption of reinsurance from association members; and
(4) cede and purchase reinsurance.
(b) The association may provide general liability insurance coverage to be issued in connection with medical liability insurance issued by the association.