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2019 District of Columbia Code
Title 31 - Insurance and Securities.
Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies.
§ 31–4331. Assessment companies prohibited.
Universal Citation: DC Code § 31–4331 (2019)
Any company which makes insurance or reinsurance the performance of which is not guaranteed by the reserves required by this subdivision, but is contingent upon the payment of assessments or calls made upon its members, shall not be formed, admitted, or licensed in the District.
(June 19, 1934, 48 Stat. 1142, ch. 672, ch. II, § 32; May 4, 1950, 64 Stat. 104, ch. 157, § 3.)
Prior Codifications1981 Ed., § 35-431.
1973 Ed., § 35-431.
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