D.C. Code § 31-5031.07: Admitted asset standards.
Where this section sits in the code
- Title 31. Insurance and Securities.
- Chapter 50A. Title Insurance Insurers.
In determining the financial condition of a domestic title insurer doing business under this chapter, the general investment provisions of the Chapter 13A of this title [§ 31-1371.01 et seq. ], shall apply; provided, that:
(1)
An investment in a title plant or plants in an amount equal to the actual cost shall be allowed as an admitted asset for title insurers; and
(2)
The aggregate amount of the investment shall not exceed the lesser of 20% of admitted assets or 40% of surplus to policyholders, as shown on the most recent annual statement of the title insurer on file with the Commissioner.
Collected 2026-08-29T05:44:07Z. Source file · JSON