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94 chapters · 1,017 sections in this title.
D.C. Code § 31-2301 Definitions
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For purposes of this chapter, the term: (1) “Domestication” means the reorganization under this chapter of the United States branch of a Non-U.S. insurer whereby a domestic or foreign insurer acquires all the business and assets and assumes all the liabilities of the branch. (2) …
D.C. Code § 31-2302 Domestication permitted
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(a)(1) Upon compliance with this chapter, a Non-U.S. insurer which is authorized to use the District of Columbia (“District”) as a state of entry to transact insurance business through its United States branch and which owns beneficially, directly or indirectly, all outstanding s…
D.C. Code § 31-2303 Prior written approval of domestication agreement
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An acquisition of assets and assumption of liabilities under § 31-2302(a) shall be initiated by filing with the Commissioner, for prior written approval as required by § 31-2302(a)(2), a copy of the domestication agreement, executed by the Non-U.S. insurer and the acquiring insur…
D.C. Code § 31-2304 Authorization and execution of domestication agreement
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(a) A domestication agreement shall be authorized, adopted, approved, executed, and acknowledged by the Non-U.S. insurer under the laws of the country where it is organized. (b) A domestication agreement shall also be approved, adopted, and authorized by the acquiring insurer’s b…
