(a) An SPFC may discount its reserves at discount rates as approved by the Commissioner.
(b) An SPFC shall file annually an actuarial opinion on reserves provided by an approved independent actuary.
(Mar. 17, 2005, D.C. Law 15-262, § 213; as added Mar. 14, 2007, D.C. Law 16-285, § 2(b), 54 DCR 944.)
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 39A - Captive Insurance Companies (2004)
Subchapter II - Special Purpose Financial Captive Insurance Companies
§ 31–3932.03. Application of subchapter I of this chapter
§ 31–3932.04. Application requirements
§ 31–3932.05. Capital and surplus
§ 31–3932.06. Securities of SPFCs
§ 31–3932.07. Authorized contracts
§ 31–3932.08. Trust arrangements
§ 31–3932.09. Dividends and distributions
§ 31–3932.10. Confidentiality of examination reports; disclosure of information
§ 31–3932.12. Liquidation and rehabilitation