Statutes, codes, and regulations
District of Columbia Official Code
Division V - LOCAL BUSINESS AFFAIRSTitle 31 - INSURANCE AND SECURITIESSubtitle VI - LIFE AND RELATED INSURANCE
Chapter 44 - DOMESTIC LIFE COMPANIES
Section 31-4433 - Classification of risks and members, payment of dividends, and creation of surplus by mutual companies

D.C. Code § 31-4433

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Current through codified legislation effective October 30, 2024
Section 31-4433 - Classification of risks and members, payment of dividends, and creation of surplus by mutual companies

A mutual company may, in its articles of incorporation or in its bylaws, provide for the classification of its risks and of its members and for the payment of dividends and for the creation of a surplus.

D.C. Code § 31-4433

June 19, 1934, 48 Stat. 1152, ch. 672, ch. III, § 33.