D.C. Code § 31-4417

Current through codified legislation effective June 1, 2024

Section 31-4417 - Mutual companies - Requirements before doing business

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.

D.C. Code § 31-4417

June 19, 1934, 48 Stat. 1148, ch. 672, ch. III, § 17.

Prohibition against assessment companies, see § 31-4331. .