The assets in the trust account shall be known as trusteed assets and shall at all times be in an amount equal to the U.S. branch’s reserves and other liabilities plus the minimum capital and surplus required to be maintained by a domestic insurer licensed to do the same kind of insurance.
(May 24, 1996, D.C. Law 11-128, § 4, 43 DCR 1562.)
1981 Ed., § 35-4403.
This section is referenced in § 31-2204 and § 31-2306.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 22 - State of Entry for Non-U.S. Insurers
§ 31–2202. Authorization of entry
§ 31–2203. Maintenance of trust account
§ 31–2204. Requirements for trust agreement
§ 31–2205. Reporting requirements for U.S. Branches of non-U.S. insurers