Source: https://development.code.dccouncil.us/dc/council/code/sections/31-1373.06.html
Timestamp: 2019-04-21 08:32:31+00:00

Document:
D.C. Law Library - § 31–1373.06. Equity interests.
↪ § 31–1373.06. Equity interests.
(a) Subject to the limitations of § 31-1373.03, an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.
(b) An insurer shall not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments held by the insurer under this section would exceed the greater of 25% of its admitted assets or 100% of its surplus as regards policyholders.
(c) An insurer shall not acquire under this section any investments that the insurer may acquire under § 31-1373.08.
This section is referenced in § 31-1372.05 and § 31-1373.02.

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