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Current through October 23, 2012
For the purposes of this chapter, the term:
(1) "Commissioner" means the Commissioner of the Department of Insurance, Securities and Banking.
(1A) "District" means the District of Columbia.
(2) "Redomestication" means the transfer to the District the corporate domicile of an authorized foreign insurance company.
(3) Repealed.
(4) "Transferring insurer" means any authorized foreign insurance company seeking redomestication.
(May 24, 1996, D.C. Law 11-127, § 2, 43 DCR 1559; Mar. 24, 1998, D.C. Law 12-81, § 44(a), 45 DCR 745; Apr. 13, 2005, D.C. Law 15-354, § 46(a), 52 DCR 2638.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 35-4301.
Effect of Amendments
D.C. Law 15-354, in par. (1), substituted "of the Department of Insurance, Securities, and Banking" for "of Insurance and Securities Regulation".
Legislative History of Laws
Law 11-127, the "Insurance Redomestication Act of 1996," was introduced in Council and assigned Bill No. 11-390, which was referred to the Committee on Consumer and Regulatory Affairs. The Bill was adopted on first and second readings on February 6, 1996, and March 5, 1996, respectively. Signed by the Mayor on March 15, 1996, it was assigned Act No. 11-234 and transmitted to both Houses of Congress for its review. D.C. Law 11-127 became effective on May 24, 1996.
Law 12-81, the "Technical Amendments Act of 1998," was introduced in Council and assigned Bill No. 12-408, which was referred to the Committee of the Whole. The Bill was adopted on first and second readings on November 4, 1997, and December 4, 1997, respectively. Signed by the Mayor on December 22, 1997, it was assigned Act No. 12-246 and transmitted to both Houses of Congress for its review. D.C. Law 12-81 became effective on March 24, 1998.
For Law 15-354, see notes following § 31-101.
