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2019 District of Columbia Code
Title 31 - Insurance and Securities.
Chapter 17 - Redomestication.
§ 31–1703. Conversion to foreign insurer.
Universal Citation: DC Code § 31–1703 (2019)
Any domestic insurer may, upon the approval of the Commissioner, transfer its domicile to any state in which it is admitted to transact the business of insurance, and upon such a transfer shall cease to be a domestic insurer and shall be admitted to the District, if qualified, as a foreign insurer. The Commissioner shall approve any proposed transfer unless he or she determines such a transfer is not in the best interest of the policyholders of the District.
(May 24, 1996, D.C. Law 11-127, § 4, 43 DCR 1559; Mar. 24, 1998, D.C. Law 12-81, § 44(b), 45 DCR 745; Apr. 13, 2005, D.C. Law 15-354, § 46(b), 52 DCR 2638.)
Prior Codifications1981 Ed., § 35-4303.
Effect of AmendmentsD.C. Law 15-354 deleted “of Insurance and Securities” following “approval of the Commissioner”.
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