{"data":{"id":"us-dc/d.c.-code-31-1373.06","jurisdiction":"us-dc","citation":"D.C. Code § 31-1373.06","heading":"Equity interests.","body":"(a)\nSubject to the limitations of § 31-1373.03, an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.\n\n(b)\nAn insurer shall not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments held by the insurer under this section would exceed the greater of 25% of its admitted assets or 100% of its surplus as regards policyholders.\n\n(c)\nAn insurer shall not acquire under this section any investments that the insurer may acquire under § 31-1373.08.\n\n(d)\nAn insurer shall not short sell equity investments unless the insurer covers the short sale by owning the equity investment or an unrestricted right to the equity instrument exercisable within 6 months of the short sale.","path":["Title 31. Insurance and Securities.","Chapter 13A. Investments of Insurers.","Subchapter III. Fire, Casualty, and Marine Insurers."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-1373.06","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"aef121be23429a916abf4bd1e4e4b09a2e658a794e5eca29f1873e086aa4312c","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-1373.05","next":"us-dc/d.c.-code-31-1373.07"},"notice":"GroundRules: Original legal text. Not legal advice."}