An Act to permit investment of funds of insurance companies organized within the District of Columbia in obligations of the Inter-American Development Bank.
PL 87-739 (S.3358), enacted 10/03/1962

76 STAT.] 
PUBLIC L
A
W 87-740-OCT. 3, 1962 
715 
"(g) After February 19, 1948, any comj^any may file with the 
Superintendent a written notice of its election to comply with the 
provisions of this section after a specified date before January 1,1950, 
After the filing of such notice, then upon such specified date (which 
shall be the operative date for such company), this section shall be-
come operative with respect to the policies and contracts thereafter 
issued by such company. If a company makes no such election, the 
operative date. 
operative date of this section for such company shall be January 
1, 1950: Provided^ however^ That the operative date of the last two 
paragraphs of subsection (d) shall be as stated therein." 
Approved October 3, 1962. 
Public Law 87-739 
A N A C T 
October 3, 1962 
To permit investment of funds of insurance companies organized within the 
[s. 3358] 
District of Columbia in obligations of the Inter-American Development Bank. 
Be it enacted hy the Senate and House of Representatives of the 
United Stages of America, in Congress assembled^ That section 35(1) 
D. C. 
of chapter III of the Act of June 19,1934 (48 Stat. 1152, as amended; ^^^"f^^^^ ^°^
D.C. Code, title 35, sec. 535 (1)), is amended to read as follows: 
m^^^. "" ^' "^*'*" 
"(1) Bonds, notes, or other evidences of indebtedness of the United 
^s stat. 494. 
States, any State, territory, or possession of the United States, the 
District of Columbia, the Dominion of Canada, any Province of the 
Dominion of Canada, or of any administration, agency, authority, or 
instrumentality of any of the political units enumerated; or obliga-
tions issued or guaranteed as to principal and interest by the Inter-
national Bank for Reconstruction and Development or by the Inter-
American Development Bank." 
SEC. 2. Section 18(1) of chapter II of the Act of October 9, 1940 
(54 Stat. 1072; D.C. Code, title 35, sec. 1321(1)), is amended to read 
es stat. 494. 
as follows: 
" (1) Bonds or other evidences of indebtedness of the United States, 
Fire, casualty, 
or of any State; or of the Dominion of Canada, or of any Province 
thereof; or obligations issued or guaranteed as to principal and interest 
by the International Bank for Reconstruction and Development or by 
the Inter-American Development Bank". 
Approved October 3, 1962. 
etc. 
Public Law 87-740 
^^ 
A C T 
October 3, 1962 
To amend the Life Insurance Act of the District of Columbia. 
rs.2977] 
Be it enacted hy the Senate and House of Representatives of the 
United States of America in Congress assemhled, That clause (a) 
Life instance 
of the proviso in the first sentence of section 11 of chapter V of the "
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Life Insurance Act, as amended (D.C. Code 35-711), is amended to o^up policies. 
read as follows: 
exemptions. 
"(a) That provisions (6) to (10), inclusive, shall not apply to ^^ ^tat. 333. 
policies issued to a creditor to insure debtors of such creditor, or to 
policies issued pursuant to section 10(8) of this chapter;". 
Approved October 3, 1962.