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The DC Code: § 31-2203 Maintenance of trust account.

Index31 Insurance and Securities. (Refs & Annos)

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.

Historical and Statutory

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. DC CODE § 31-2203 Current through December 11, 2012

Credits

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