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

D.C. Code § 31-2502.25: Premiums of mutual companies.

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.

The maximum premium shall be expressed in the policy of a mutual company, and it may be solely a cash premium, or may be a cash premium and an additional contingent premium, which contingent premium shall be not less than the cash premium, but no mutual company, except as otherwise provided in § 31-2502.14, shall issue any policy for a cash premium without an additional contingent premium until and unless it possesses a surplus of not less than $600,000.

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

Browse this collection