D.C. Code § 31-5031.07

Current through codified legislation effective September 18, 2024
Section 31-5031.07 - Admitted asset standards

In determining the financial condition of a domestic title insurer doing business under this chapter, the general investment provisions of the Chapter 13A of this title [§ 31-1371.01 et seq. ], shall apply; provided, that:

(1) An investment in a title plant or plants in an amount equal to the actual cost shall be allowed as an admitted asset for title insurers; and
(2) The aggregate amount of the investment shall not exceed the lesser of 20% of admitted assets or 40% of surplus to policyholders, as shown on the most recent annual statement of the title insurer on file with the Commissioner.

D.C. Code § 31-5031.07

Sept. 24, 2010, D.C. Law 18-223, § 2148, 57 DCR 6242.