A domestic society shall invest its funds only in investments authorized by the laws of the District for the investment of assets of life insurers and subject to the limitations therein. Any foreign or alien society permitted or seeking to do business in the District which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds.
(Apr. 29, 1998, D.C. Law 12-86, § 1219, 45 DCR 1172.)
1981 Ed., § 35-1248.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 53 - Fraternal Benefit Societies
§ 31–5302. Operation for benefit of members and their beneficiaries; bylaws
§ 31–5303. Qualifications for membership
§ 31–5305. Liability of officers and members
§ 31–5307. Organization of societies
§ 31–5309. Operations of nonprofit institutions
§ 31–5311. Consolidations and mergers
§ 31–5312. Conversion of fraternal benefit society into a mutual life insurance company
§ 31–5315. Benefits not attachable
§ 31–5317. Nonforfeiture benefits, cash surrender values, certificate loans, and other options
§ 31–5321. Applicability of provisions
§ 31–5322. Valuation standards for certificates
§ 31–5325. Examination of societies; no adverse publications
§ 31–5326. Foreign or alien society; admission
§ 31–5327. Injunction; liquidation; receivership of domestic society
§ 31–5328. Suspension; revocation or refusal of license of foreign or alien society
§ 31–5330. Licensing of agents
§ 31–5331. Unfair methods of competition; unfair and deceptive acts and practices