§ 31-2203. Maintenance of trust account.

Current through October 23, 2012

The assets in the trust account shall be known as trusteed assets and shall at all times be in an amount equal to the U.S. branch's reserves and other liabilities plus the minimum capital and surplus required to be maintained by a domestic insurer licensed to do the same kind of insurance.

                
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(May 24, 1996, D.C. Law 11-128, § 4, 43 DCR 1562.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

1981 Ed., § 35-4403.

Legislative History of Laws

For legislative history of D.C. Law 11-128, see Historical and Statutory Notes following § 31-2201.