this is an outdated text: switch to the updated & improved dc code website
home, about

The DC Code: § 31-5031.07 Admitted asset standards.

Index31 Insurance and Securities. (Refs & Annos)

In determining the financial condition of a domestic title insurer doing business under this chapter, the general investment provisions of the Chapter 13A of this title shall apply; provided, that:

1
An investment in a title plant or plants in an amount equal to the actual cost shall be allowed as an admitted asset for title insurers; and
2
The aggregate amount of the investment shall not exceed the lesser of 20% of admitted assets or 40% of surplus to policyholders, as shown on the most recent annual statement of the title insurer on file with the Commissioner.

Historical and Statutory

Emergency Act Amendments For temporary (90 day) addition, see § 2148 of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542). Legislative History of Laws For Law 18-223, see notes following § 31-5031.01. DC CODE § 31-5031.07 Current through December 11, 2012

Credits

(Sept. 24, 2010, D.C. Law 18-223, § 2148, 57 DCR 6242.)