(c)the society shall, if required by the State Government, reinsure against claims above [such amount as may be specified by the State Government] [Substituted by section 79, Act 100 of 1956, for 'a prescribed amount' (w.e.f. 16-2-1957).];(cc)[ the society may, if permitted by the State Government and subject to such conditions and-limitations as may be imposed by it, Accept re-insurances from other societies allowed to transact the business of an insurer under this section;] [Inserted by section 79, Act 100 of 1956, for 'a prescribed amount' (w.e.f. 16-2-1957).]