Source: https://development.code.dccouncil.us/dc/council/code/titles/31/chapters/17/
Timestamp: 2019-05-22 05:34:44
Document Index: 766415922

Matched Legal Cases: ['§ 31', '§ 31', '§ 2', '§ 44', '§ 46', '§\u200235', '§ 3', '§\u200235', '§ 4', '§ 44', '§ 46', '§\u200235', '§ 6', '§\u200235']

D.C. Law Library - Chapter 17. Redomestication.
§ 31–1701. Definitions.
§ 31–1702. Approval as a domestic insurer.
(1) “Commissioner” means the Commissioner of the Department of Insurance, Securities and Banking.
(1A) “District” means the District of Columbia.
(2) “Redomestication” means the transfer to the District the corporate domicile of an authorized foreign insurance company.
(4) “Transferring insurer” means any authorized foreign insurance company seeking redomestication.
(May 24, 1996, D.C. Law 11-127, § 2, 43 DCR 1559; Mar. 24, 1998, D.C. Law 12-81, § 44(a), 45 DCR 745; Apr. 13, 2005, D.C. Law 15-354, § 46(a), 52 DCR 2638.)
1981 Ed., § 35-4301.
D.C. Law 15-354, in par. (1), substituted “of the Department of Insurance, Securities, and Banking” for “of Insurance and Securities Regulation”.
Any insurer which is organized under laws of any state and is admitted to do business in the District for the purpose of writing insurance may become a domestic insurer by complying with all of the requirements of law relative to the organization and licensing of a domestic insurer of the same type and by designating its principal place of business at a place in the District. The domestic insurer shall be entitled to like certificates and licenses to transact business in the District, and shall be subject to the authority and jurisdiction of the District.
(May 24, 1996, D.C. Law 11-127, § 3, 43 DCR 1559.)
1981 Ed., § 35-4302.
Any domestic insurer may, upon the approval of the Commissioner, transfer its domicile to any state in which it is admitted to transact the business of insurance, and upon such a transfer shall cease to be a domestic insurer and shall be admitted to the District, if qualified, as a foreign insurer. The Commissioner shall approve any proposed transfer unless he or she determines such a transfer is not in the best interest of the policyholders of the District.
(May 24, 1996, D.C. Law 11-127, § 4, 43 DCR 1559; Mar. 24, 1998, D.C. Law 12-81, § 44(b), 45 DCR 745; Apr. 13, 2005, D.C. Law 15-354, § 46(b), 52 DCR 2638.)
1981 Ed., § 35-4303.
D.C. Law 15-354 deleted “of Insurance and Securities” following “approval of the Commissioner”.
The Mayor, pursuant to subchapter I of Chapter 5 of Title 2, may issue rules and regulations to carry out the purpose of this chapter.
(May 24, 1996, D.C. Law 11-127, § 6, 43 DCR 1559.)
1981 Ed., § 35-4305.