D.C. Code § 31-2502.13: Minimum capital and surplus requirements.
Where this section sits in the code
- Title 31. Insurance and Securities.
- Chapter 25. Fire, Casualty, and Marine Insurance.
- 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