Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 31 - INSURANCE AND SECURITIESSubtitle III - FIRE, CASUALTY, MARINE, MOTOR VEHICLE AND RELATED INSURANCEChapter 25 - FIRE, CASUALTY, AND MARINE INSURANCE
Subchapter II - POWERS AND DUTIES OF THE COMMISSIONER
Section 31-2502.24 - Names or designations used by mutual companies and reciprocal or interinsurance exchanges

D.C. Code § 31-2502.24

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Current through codified legislation effective October 30, 2024
Section 31-2502.24 - Names or designations used by mutual companies and reciprocal or interinsurance exchanges

Except as otherwise provided in § 31-2502.14, no mutual company shall be authorized to transact business in the District unless the name of such company shall include the word "mutual," and no reciprocal or interinsurance exchange shall be authorized to transact business in the District unless the name or designation under which reciprocal or interinsurance contracts are to be exchanged shall include the words "reciprocal" or "interinsurance exchange," or be supplemented by the following words immediately below the name or designation under which such contracts are exchanged: "A reciprocal" or "an interinsurance exchange."

D.C. Code § 31-2502.24

Oct. 9, 1940, 54 Stat. 1076, ch. 792, ch. II, § 24.