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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 31-2301: Definitions.

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Where this section sits in the code
  1. Title 31. Insurance and Securities.
  2. Chapter 23. United States Branch Domestication of Non-U.S. Insurers.

For purposes of this chapter, the term:

(1)

“Domestication” means the reorganization under this chapter of the United States branch of a Non-U.S. insurer whereby a domestic or foreign insurer acquires all the business and assets and assumes all the liabilities of the branch.

(2)

“Domestic insurer” means a stock insurance company incorporated under the laws of the District of Columbia.

(3)

“Foreign insurer” means a stock insurance company incorporated under the laws of any other state of the United States.

(4)

“Non-U.S. insurer” means a stock insurance company organized under the laws of a foreign country.

(5)

“United States branch” means the business unit through which business is transacted within the United States by a Non-U.S. insurer and the assets and liabilities of the insurer within the United States pertaining to such business.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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