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The DC Code: § 31-2502.25 Premiums of mutual companies.

Index31 Insurance and Securities. (Refs & Annos)

The maximum premium shall be expressed in the policy of a mutual company, and it may be solely a cash premium, or may be a cash premium and an additional contingent premium, which contingent premium shall be not less than the cash premium, but no mutual company, except as otherwise provided in § 31- 2502.14, shall issue any policy for a cash premium without an additional contingent premium until and unless it possesses a surplus of not less than $600,000.

Historical and Statutory

Prior Codifications 1981 Ed., § 35-1529. 1973 Ed., § 35-1329. DC CODE § 31-2502.25 Current through December 11, 2012

Credits

(Oct. 9, 1940, 54 Stat. 1076, ch. 792, ch. II, § 25; Aug. 14, 1973, 87 Stat. 305, Pub. L. 93-89, title IV, § 401.)