§ 31-2201. Definitions.

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) "Non-U.S. insurer" means an insurer organized under the laws of a foreign country.

(3) Repealed.

(4) "United States Branch" or "U.S. Branch" means the business unit through which business is transacted within the United States by a non-U.S. insurer and the assets and liabilities of the insurer within the United States pertaining to such business.

                
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(May 24, 1996, D.C. Law 11-128, § 2, 43 DCR 1562; Mar. 24, 1998, D.C. Law 12-81, § 45(a), 45 DCR 745; June 11, 2004, D.C. Law 15-166, § 4(m), 51 DCR 2817.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-4401.

Effect of Amendments

D.C. Law 15-166, in par. (1), substituted "Commissioner of the Department of Insurance, Securities, and Banking" for "Commissioner of Insurance and Securities".

Emergency Act Amendments

For temporary (90 day) amendment of section, see § 4(m) of Consolidation of Financial Services Emergency Amendment Act of 2004 (D.C. Act 15-381, February 27, 2004, 51 DCR 2653).

Legislative History of Laws

Law 11-128, the "Insurance State of Entry Act of 1996," was introduced in Council and assigned Bill No. 11-391, 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. 11-235 and transmitted to both Houses of Congress for its review. D.C. Law 11-128 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 15-166, see notes following § 31-1004.