Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 31 - INSURANCE AND SECURITIESSubtitle II - REGULATION OF INSURANCE INDUSTRY GENERALLY
Chapter 17 - REDOMESTICATION
Section 31-1703 - Conversion to foreign insurer

D.C. Code § 31-1703

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Current through codified legislation effective October 30, 2024
Section 31-1703 - Conversion to foreign insurer

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.

D.C. Code § 31-1703

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.