Source: https://development.code.dccouncil.us/dc/council/code/sections/31-1372.12.html
Timestamp: 2019-04-24 06:19:31+00:00

Document:
D.C. Law Library - § 31–1372.12. Additional investment authority.
↪ § 31–1372.12. Additional investment authority.
(2) The aggregate amount of investments as to one limitation in §§ 31-1372.02 through 31-1372.09 held by the insurer under this subsection would exceed 1% of its admitted assets.
(B) Seventy-five percent of its capital and surplus.
(2) An insurer shall not acquire any investment or engage in any investment practice under this subsection if, as a result of and after giving effect to the transaction, the aggregate amount of all investments in any one person held by the insurer under this subsection would exceed 3% of its admitted assets.
(B) One hundred percent of capital and surplus, less 10% of its admitted assets.
(d) An investment prohibited under § 31-1371.05 or § 31-1372.10 or additional derivative instruments acquired under § 31-1372.10 shall not be acquired under this section.
This section is referenced in § 31-1371.03.

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