D.C. Mun. Regs. tit. 26, r. 26-A4003

Current through Register Vol. 71, No. 50, December 13, 2024

Rule 26-A4003 - INSURING POWERS OF RECIPROCALS

4003.1

A reciprocal insurer may, upon qualifying under the act, transact any kind or kinds of insurance defined by the act.

4003.2

A reciprocal insurer may purchase reinsurance upon the risk of any subscribers and may grant reinsurance as to any kind of insurance it is authorized to transact directly.

D.C. Mun. Regs. tit. 26, r. 26-A4003

Notice of Emergency and Proposed Rulemaking published at 54 DCR 12099 (December 14, 2007)[EXPIRED]; as amended by Notice of Final Rulemaking published at 55 DCR 479, 480 (January 18, 2008)

Authority: The Commissioner of the Department of Insurance, Securities, and Banking, pursuant to the authority set forth in section 22 of the Captive Insurance Company Act of 2004, effective March 17, 2005 (D.C. Law 15-262; D.C. Official Code § 31-3931.21 ).