™Your Policy Risk Impact Agent
94 chapters · 1,017 sections in this title.
D.C. Code § 31-2201 Definitions
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For the purposes of this chapter, the term: (1) “Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking. (1A) “District” means the District of Columbia. (2) “Non-U.S. insurer” means an insurer organized under the laws of a foreign country. (3…
D.C. Code § 31-2202 Authorization of entry
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(a) A non-U.S. insurer may use the District as a state of entry to transact insurance in the United States through a U.S. branch by: (1) Qualifying as an insurer licensed to do business in the District; and (2) Establishing a trust account, pursuant to a trust agreement approved …
D.C. Code § 31-2203 Maintenance of trust account
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The assets in the trust account shall be known as trusteed assets and shall at all times be in an amount equal to the U.S. branch’s reserves and other liabilities plus the minimum capital and surplus required to be maintained by a domestic insurer licensed to do the same kind of …
D.C. Code § 31-2204 Requirements for trust agreement
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(a) The deed of trust and all amendments thereto shall be authenticated in such form and manner as the Commissioner may prescribe and shall not be effective unless approved by the Commissioner upon a finding that: (1) A deed of trust or its amendments are sufficient in form and i…
