D.C. Mun. Regs. tit. 26, r. 26-A1000

Current through Register 71, No. 45, November 7, 2024

Rule 26-A1000 - CALCULATION OF ADMITTED ASSETS

1000.1

The Department shall allow, as an admitted asset, the cost of electronic data processing equipment purchased by each domestic life insurance company; Provided, that any amount so allowed shall not at any time exceed the lesser of the following:

(a) Two percent (2%) of the company's admitted assets; or

(b) The company's unassigned surplus in excess of the legal minimum.

1000.2

The amounts specified in § 1000.1(a) and (b) shall be determined according to the company's last annual statement.

1000.3

The entire cost of electronic data processing equipment shall be amortized in full over a period not to exceed ten (10) calendar years.

D.C. Mun. Regs. tit. 26, r. 26-A1000