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

D.C. Code § 31-2502.13: Minimum capital and surplus requirements.

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Where this section sits in the code
  1. Title 31. Insurance and Securities.
  2. Chapter 25. Fire, Casualty, and Marine Insurance.
  3. Subchapter II. Powers and Duties of the Commissioner.

Every stock company authorized to do business in the District shall have and shall at all times maintain a paid-up capital stock of not less than $300,000, and a surplus of not less than $300,000. Every domestic mutual company and every domestic reciprocal company shall have and shall at all times maintain a surplus of not less than $300,000 and every foreign or alien mutual company and every foreign or alien reciprocal company shall have and shall at all times maintain a surplus of not less than $400,000.

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

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