Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 31 - INSURANCE AND SECURITIESSubtitle VI - LIFE AND RELATED INSURANCE
Chapter 43 - DEPARTMENT OF INSURANCE, SECURITIES, AND BANKING WITH RESPECT TO LIFE COMPANIES
Section 31-4331 - Assessment companies prohibited

D.C. Code § 31-4331

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Current through codified legislation effective October 30, 2024
Section 31-4331 - Assessment companies prohibited

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.

D.C. Code § 31-4331

June 19, 1934, 48 Stat. 1142, ch. 672, ch. II, § 32; May 4, 1950, 64 Stat. 104, ch. 157, § 3.