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2021 District of Columbia Code
Title 31 - Insurance and Securities
Chapter 22 - State of Entry for Non-U.S. Insurers
§ 31–2203. Maintenance of trust account
Universal Citation: DC Code § 31–2203 (2021)
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 insurance.
(May 24, 1996, D.C. Law 11-128, § 4, 43 DCR 1562.)
Prior Codifications1981 Ed., § 35-4403.
Section ReferencesThis section is referenced in § 31-2204 and § 31-2306.
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