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

D.C. Code § 31-4417: Mutual companies — Requirements before doing business.

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Where this section sits in the code
  1. Title 31. Insurance and Securities.
  2. Chapter 44. Domestic Life Companies.

No domestic mutual company shall transact any business until at least 200 persons shall have subscribed in the aggregate for at least $200,000 of insurance and shall have paid in full 1 annual premium in money upon the insurance so subscribed.

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

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