Code of the District of Columbia

§ 31–2203. Maintenance of trust account.

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 Codifications

1981 Ed., § 35-4403.

Section References

This section is referenced in § 31-2204 and § 31-2306.